FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that traders will focus on September CPI and IP, with chances that the September trade data is also released ahead of the final October 16 deadline.
Key Quotes
“On IP, we expect data to accelerate from 4.2% Y/Y in August given the recovery of the eight infrastructure industries index during the month and solid manufacturing PMI during August and September. However, we may not get to see the 4.8% print that consensus is expecting.”
“CPI inflation will also be released today. Consensus expects a re-acceleration to 4.4% Y/Y from 3.7% in August, with services inflation and base effects likely to be the main drivers. Even with CPI trending higher in the remainder of the year, as both us and the RBI expect, prices should remain well below 6% by January 2016.”
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