Leif Eskesen of HSBC Global Research sees India inflation easing out over the next few quarters because of the base effect from food prices.
However, Eskesen doesn't see core inflation easing very rapidly and expects the Reserve Bank of India to keep key rates unchanged in its upcoming monetary policy. In an interview to CNBC-TV18, Eskesen said, "We don't expect core inflation prices, underlying inflation prices to ease very rapidly, very soon, so we expect that RBI will remain on hold for a while still and certainly be on hold at the next monetary policy meeting later this month." Below is the edited transcript of EskesenDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
