On the domestic front, July numbers for retail inflation and equity mutual funds flows are awaited this week. Globally, inflation data from the US and the monthly outlook report from the Organization of the Petroleum Exporting Countries (Opec) will be keenly watched. India InflationIndia will release the all-important retail inflation data for July this Thursday. For US President Joe Biden, whose generous stimulus cheques also stoked prices, inflation is fast becoming a political issue. In its July report, Opec had estimated that India’s demand, which shrank during the May lockdowns, will surpass pre-pandemic levels by the December quarter.

Source: Mint August 08, 2021 16:41 UTC