IMA Asia's Kishore: RBI's Hawkish Pause May Extend into 2024

The video discusses the Reserve Bank of India's (RBI) focus on domestic economic conditions, particularly inflation, over international factors. It highlights the impact of rising food prices, such as tomatoes, on inflation and RBI's monetary policy. Despite regional trends towards loosening monetary policy, the RBI maintains a hawkish pause due to inflation expectations and the significant weight of food inflation in the CPI basket. The video also touches on the stability of the rupee and the potential for government stimulus in light of upcoming elections, while considering fiscal deficit concerns.

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