How did the inflation figure come in for India and the US?
Answer
Answer
Both India and the US announced inflation levels much higher than the projected levels. Indian CPI inflation came in at 6.95% while US inflation came in sharply higher at 8.5% for the month of March. While Fed is already clear about its hawkish stance after 41-year highs in inflation, the RBI is yet to make up its mind of whether to be hawkish or dovish.