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At ₹2.23 lakh crore as on December 15, the core liquidity has declined sharply from the peak surplus of ₹12 lakh crore from September to October of 2021 during the post-Covid phase in which the RBI had infused large amounts of funds into the banking system to ensure flow of credit to productive sectors during the crisis, analysts said.
The CPI print for November and October's IIP data, both, suffer from a low-base effect, with economists calling for a nuanced reading of the numbers.
India's headline inflation rate fell to 4.87 percent in October thanks to a favourable base effect and the cooling of vegetable prices. However, the reversal of these two factors is set to push inflation close to 6 percent in November
After a brief pause, the primary market will be back in full swing this week with two mainboard IPOs and four SME issues planning to raise about Rs 2,500 crore. The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.
While Chief Economic Adviser V Anantha Nageswaran has hinted at the finance ministry raising its growth forecast for 2023-24 later this month, economists see the RBI acting next week itself while announcing the latest monetary policy decision