The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics. While Q4 is likely to mark the peak for inflation, we have turned more cautious on the trajectory over 2021," it said. Retail inflation stood at 7.27 per cent in September 2020. "At the same time, robust bottom-up activity data suggest that the economy may be recovering faster than we anticipated. As such, we see an increasing possibility that the RBI's easing cycle has ended," Oxford Economics said.

Source: Mint November 15, 2020 06:00 UTC