Economists are split on how a weak monsoon will affect food prices, with some believing falling oil prices will offset any hikes. Others warn of El Nino's impact on sowing and food costs. The Reserve Bank of India is unlikely to raise interest rates soon, preferring to wait for clarity on the monsoon's agricultural and inflation effects.
A weak monsoon is raising concerns about food inflation, though some economists believe falling oil prices could offset this impact. The Reserve Bank of India is expected to maintain current interest rates, preferring to assess the monsoon's full agricultural and inflationary…
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