Rupee weakness won't prompt RBI rate hike: report

Rupee weakness unlikely to trigger RBI rate hike; inflation in focus — According to Business Standard, the Reserve Bank is unlikely to hike rates despite the rupee's weakness, keeping focus on inflation trends. CPI inflation is expected to remain above 4% until March 2025. This suggests monetary policy will stay data-dependent, with rates steady unless inflation surges unexpectedly.

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