Expect Aug CPI at high level of 7.8%: Mohan Shenoi

The 8.40 GoI 2024 is expected to trade today in a range of 8.52-8.56 percent, says Mohan Shenoi, Kotak Mahindra Bank.

Mohan Shenoi, Kotak Mahindra Bank said, "CPI for August will be announced tomorrow and is expected at an elevated level of 7.8%. The depreciating rupee is also making the bond market cautious. There is no scheduled G-Sec auction this week and liquidity in the money market is comfortable. The 8.40 GoI 2024 is expected to trade today in a range of 8.52-8.56 percent."

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