Russia Stocks End Flat as Energy Shares Support MOEX Index 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Oil Prices Climb in Asian Trade as Venezuela Sanctions and Middle East Tensions Fuel Risk Premium 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Inflation in India is expected to rise above the Reserve Bank of India’s (RBI) targeted goal of 5.4 percent in the fiscal year 2017-18, given the more hawkish stance of most Monetary Policy Committee (MPC) members in the latest meeting minutes.
Most members were concerned about the trend reversal in food inflation, rigid core inflation, and second round impact of higher house rent allowance under the civil servant wage increase. However, there were two contrasting views. Board member Dholakia appeared dovish as he noted benign core inflation dynamics due to likely weaker pass through of non-core inflation to core inflation.
On the other hand, member Patra sounded hawkish and called for a pre-emptive 25 bps rate hike on the view that core inflation will likely run ahead of headline inflation through FY2018. On aggregate, the minutes highlight a neutral-to-hawkish undertone.
"We concur with the upside risks underscored by the MPC and expect inflation to rise to 5.4 percent in FY2018 from 4.6 percent in FY2017. We continue to expect a status quo on rates in FY2018," ANZ Research commented in its recent report.
