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India's inflation rises further to 4.82% in August, reinforcing rate hike expectations
India's retail inflation accelerated further in August, with headline CPI inflation rising to 4.82% y/y, up from 4.45% in July. Food inflation was even stronger, with the Consumer Food Price Index rising 5.95% from a year earlier. Rural inflation stood at 5.23%, while urban inflation was 4.31%.The A
Why it matters
INDA (India ETF) · Why linked: Rising Indian inflation increases the likelihood of RBI rate hikes, affecting Indian equities and currency. Market context: Bearish for Indian equities as higher rates weigh on valuations; bearish for INR as rate hike expectations may not fully offset inflation concerns.
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