View on CPI Figures from Upasna Bhardwaj, Sr. Economist, Kotak Mahindra Bank

"CPI figures came in line with our expectations. Going ahead we expect the trajectory to remain above 5% for the next few months before beginning to moderate at Sub-4% around August. We expect the MPC to look through the near term inflation readings and focus on the medium term trajectory while addressing the economic and financial stability. We expect the RBI to adopt several unconventional measures to tackle the current crisis beyond repo rate cuts. We see additional rate cuts of 50-75bps in the year ahead given our GDP expectations of 0.4% in FY21."

Source : Equity Bulls

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