π India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction
The week in view
π India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction
India's April CPI came in at 3.4% year-on-year, 60bps below the RBI's 4% target. The repo sits at 5.25% after 125bps of cuts. Add a weak dollar, a new trade deal, and Goldman's 6.9% growth forecast, and the EM re-rating argument writes itself.