Macro numbers - Upasna Bhardwaj, Sr. Economist, Kotak Mahindra Bank

Upasna Bhardwaj, Sr. Economist, Kotak Mahindra Bank views on macro numbers released today.

"Weak factory output in February continues to point towards the fact that the disruption to demonetization-led economic activity is yet to be arrested. Given the persistence of slack and record high food production , we expect the headline CPI inflation to hover ~4.5% by March 2018 (ex HRA), ~50bps lower than RBI's estimates. However, core inflation is likely to remain sticky through the year providing little room for RBI to act. We expect RBI to status quo in FY2018".

Source : Equity Bulls

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