INSTANT VIEW 3-India's July retail inflation dims chances of rate cut [Reuters]
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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Source: Reuters
INSTANT VIEW 3-India's July retail inflation dims chances of rate cut Aug 13 (Reuters) - India’s retail inflation rose to 6.93% in July on higher food prices, remaining above the RBI’s medium-term target for a 10th straight month, according to government data released on Thursday. July’s figure was higher than the 6.15% forecast in a Reuters poll of analysts and 6.23% recorded in June. PRITHVIRAJ SRINIVAS, CHIEF ECONOMIST, AXIS CAPITAL, MUMBAI The inflation uptick is likely to prove temporary since vegetable inflation is in response to supply shortages created by extreme weather, while fuel inflation can be reversed by paring excise from high levels as volumes normalize. Government action is needed to create space for the RBI to ease further. SIDDHARTHA SANYAL, CHIEF ECONOMIST AND HEAD OF RESEARCH, BANDHAN BANK, KOLKATA “While the headline print stays higher-than-expected, a significant contribution came in from short-term supply disruptions, especially for primary commodities, and a
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AXS
Earnings
- 5/1/24 - Beat
AXS
Sec Filings
- 5/8/24 - Form 4
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form 13F-HR
- AXS's page on the SEC website