Kotak Mahindra Bank Chief Economist Upasna Bhardwaj on Apr CPI
This story was originally published at 17:01 IST on 12 May 2026
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NEW DELHI - Upasna Bhardwaj, chief economist, Kotak Mahindra Bank, said the following on India's CPI inflation for April based on the new series, which rose to 3.48% from 3.40% in March:
The April inflation reading came in softer than expectations. However, the outlook remains clouded with upside risks amid supply-side disruptions from geopolitics and El Nino.
We expect the Reserve Bank of India to remain on a wait-and-watch mode for now to assess the pass-through of the risks. However, the risks for early rate hikes (probably from October onwards) are building up. End
Compiled by Shubham Rana
Filed by Tanima Banerjee
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