India's October inflation eased to 4.87%, driven by lower core and fuel inflation, with food inflation remaining steady. Despite the decline, analysts believe the Reserve Bank of India (RBI) is unlikely to ease monetary policy in the next meeting.
Factors such as the Kharif harvest and geopolitical tensions impacting crude prices are key considerations. Analysts stress the need for the RBI to remain vigilant as inflation is still above the Monetary Policy Committee's 4% target.
Nish Bhatt, CEO of Millwood Kane International, highlights the importance of monitoring factors like the El Nino phenomenon and geopolitical risks for future policy decisions.