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24th Mar 2022 00:10Emerging Asia, Daily Monitor

  • Pump prices in India are being allowed to play catch-up, with key local elections behind the BJP.
  • The RBI is unlikely to panic, though; oil disinflation still is likely in H2, and fuel taxes could fall further.
  • The more urgent issue is over the long run, as rising oil prices will further stoke inflation expectations.

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