BENGALURU : Higher telecommunications charges, along with a comparatively low base one year ago, likely drove Indian retail inflation to a six-month high in December, a Reuters poll found, keeping alive expectations for an interest rate rise by mid-year.
"Headline inflation is likely to shoot back up to the upper end of the target range, as rising telecom tariffs and high energy costs set the stage for a potential tightening of monetary policy," said Rahul Bajoria, chief India economist at Barclays.The RBI left its repo rate unchanged at 4.0per cent for a ninth consecutive policy meeting last month, sticking to its focus on economic growth as India still faces challenges from the coronavirus pandemic.
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