Inflation is expected to decrease despite recent increases, according to RBI Governor Shaktikanta Das.

The Consumer Price Index (CPI) inflation reached a 14-month high of 6.2 percent in October, up from 5.5 percent in September, mainly due to rising food prices, particularly vegetables. This exceeded the median forecast of 5.9 percent and marked the first time in over a year that it surpassed the Reserve Bank of India's upper target band of 6 percent.

Consequently, there are speculations that the central bank may maintain its interest rates for the eleventh consecutive meeting in December, given the increasing inflationary pressures.