India may hike fuel prices in November, pushing inflation above RBI target: Oxford Economist
Oxford Economics warned that India may raise fuel prices in November, which could push retail inflation to 6.2% in Q4 2023 and 6.5% in Q1 2027, exceeding the Reserve Bank of India's target of 2-6%. The RBI projected inflation at 6% for the same period, indicating potential rate hikes in December and February if prices rise.