....Inflation is going to be the game changer in times to come, as it would determine the Reserve Bank of India’s (RBI) rate action. ICICI Securities estimates the annual inflation at 7.08 per cent in November, the lowest since December 2009. Despite this, RBI might not start cutting the benchmark rates from December. Other economists like Deepali Bhargava of Espirito Santo, however, believe inflation for November could come in at 7.68 per cent year-on-year. Even if inflation comes in above RBI's comfort level, economists expect the central bank to cut rates only next year..........
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