S&P Global Ratings on Wednesday said supply capacity in India is continuing to expand pretty quickly which will help contain inflationary pressure. S&P Senior Economist Asia Pacific Vishrut Rana said the central bank's monetary policy and inflation target remains credible and the Reserve Bank of India (RBI) should be able to anchor inflationary expectations. "That remains a manageable challenge," he said. India's retail inflation soared to a 14-month high of 6.21 per cent in October --above the RBI's tolerance band, mainly on account of rising food prices. It was 5.49 per cent in September. "... As long as economies' supplies capacity continues to expand pretty quickly which is happening in India at the moment with emphasis on manufacturing infrastructure, etc, we expect inflationary pressure should be contained," Rana said at the Asia-Pacific Credit Outlook 2025 conference. The RBI, which is mandated by the government to contain inflation at 4 per cent (+/- 2 per cent) has ... Read The Rest at :