USD/INR: Rupee licks wounds near 74.60 as India’s inflation likely 5%-7% over next six months

India’s retail inflation rate is likely to stay elevated between 5% and 7% through the next six months, Pronab Sen, Chairman of India’s Economic Statistics Panel, said on Wednesday.

Key quotes

“As long as the wholesale price index inflation is high, it means the costs of inputs are rising.”

“Sooner or later, this is going to get passed on, else the manufacturers of finished goods will be taking a huge hit on the margins.”

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