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The Economic Times

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Weak monsoon raises food inflation concerns, but rate hike seen unlikely

Economists are split on how a weak monsoon will affect food prices, with some believing falling oil prices will offset any hikes. Others warn of El Nino's impact on sowing and food costs. The Reserve Bank of India is unlikely to raise interest rates soon, preferring to wait for clarity on the monsoon's agricultural and inflation effects.

25 Jun 2026 1:00 am