scorecardresearchIndia looks to rains, not just rates, to cool hot inflation

India looks to rains, not just rates, to cool hot inflation

Updated: 15 Jun 2022, 10:51 AM IST
TL;DR.
Like its international peers, the Reserve Bank of India is expected raise rates aggressively over the next year to take some of the heat out of prices, but the global drivers of the country's inflation mean there are limits to what domestic monetary policy can achieve, analysts say.
Mumbai, India - June 11, 2022: People enjoy the weather as dark monsoon clouds gather in the sky over Bandra-Worli sealink at Bandstand, Bandra in Mumbai, India, on Saturday, June 11, 2022. (Photo by Pratik Chorge/Hindustan Times) (Pratik Chorge/HT PHOTO)

Mumbai, India - June 11, 2022: People enjoy the weather as dark monsoon clouds gather in the sky over Bandra-Worli sealink at Bandstand, Bandra in Mumbai, India, on Saturday, June 11, 2022. (Photo by Pratik Chorge/Hindustan Times) (Pratik Chorge/HT PHOTO)