'CPI reset unlikely to shift RBI stance'

A recalibration of India’s Consumer Price Index is expected to have only a marginal bearing on near-term monetary policy, with the Reserve Bank of India likely to keep interest rates unchanged over the coming quarters, according to a report by Union Bank of India.

- Business Desk

The lender said January headline inflation under the new base year rose to 2.75%, in line with forecasts, while core inflation eased to 3.46%, offering comfort on underlying price pressures.