New Delhi: India’s January CPI inflation moderated to 5.1 per cent, in line with expectations, while core inflation remained subdued at 3.5 per cent. The inflation trajectory has begun softening although the risks remain skewed towards the upside, Kotak Institutional Equities said in a report. “We maintain our FY2024-25 headline inflation estimates at 5.4 per cent and 4.5 per cent. We continue to expect the RBI to change its stance by end-1QFY25 followed by rate cuts in 3QFY25,” the report said. January CPI inflation at 5.1 per cent was broadly in line with expectations. Sequentially, headline inflation contracted by 0.1 per cent (December: -0.3 per cent) led mainly by vegetables, followed
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