#Exports

Headline inflation’s spiking, but core inflation’s steady, and not all food is to blame. RBI’s stuck in a tricky balancing act—control prices or support growth?

With a strong economy and falling inflation, RBI keeps rates where they are. Automobiles don’t sell, services exports fall, but power generation stays robust. And more.

No alarms and no surprises last week. Inflation stayed sticky, rural wages saw mild real growth, and merchandise trade remained steady. India’s forex reserves zoomed. US inflation refused to budge lower, while Indonesia is in trouble.