Surging inflation: Why is it a key issue to address in the Union Budget 2023?
1 year, 10 months ago

Surging inflation: Why is it a key issue to address in the Union Budget 2023?

India TV News  

Budget 2023: The Indian currency earlier this fiscal year weakened against the dollar to an unexpected low. In April 2022, the annual inflation rate in India spiked to 7.79 per cent, which is considered to be sky-high for the current fiscal. The Kantar India Union Budget 2023 report claims that 75% Indians want the government to take swift action with respect to the surging inflation. BUDGET 2023: FULL COVERAGE The galloping inflation has put people at risk with failing to meet their household bills, mounting debts, and exorbitant healthcare expenses. In December 2022, the annual consumer price inflation relieved to 5.72 per cent as opposed to November 2022 readings, according to Trading Economics.

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History of this topic

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week, 1 day ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 5 days ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

Retail inflation slows slightly at 5.48%
1 week, 5 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
1 week, 5 days ago

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October

Live Mint  

Hopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter. Retail inflation based on the consumer price index fell to a three-month low of 5.48% in …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 6 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 6 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 6 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest
Trending News
2 weeks, 5 days ago

RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest

Live Mint  

RBI Monetary Policy: The Reserve Bank of India's Monetary Policy Committee on December 6 announced that it would maintain the repo rate at 6.5 per cent for the eleventh consecutive time, in line with market expectations. RBI cut its GDP growth forecast for FY25 to 6.6 per cent and raised its inflation projection for FY25 to 4.8 per cent. Sujan …

RBI must restore balance between inflation, growth
2 weeks, 5 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI must restore balance between inflation, growth
2 weeks, 5 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 6 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
3 weeks ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

Is MPC doing enough on inflation? Consumers are divided
3 weeks, 1 day ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

Govt evaluating impact of PDS ration on inflation
1 month ago

Govt evaluating impact of PDS ration on inflation

Hindustan Times  

New Delhi When Dubai got selected as the host for the World Expo 2020, Baskin Robbins declared it would serve everyone who walked into their outlets in the UAE a free scoop of ice-cream. India offers food grains to nearly 813 million needy people at zero price, or for free, under the National Food Security Act 2013. On Wednesday, officials …

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says
1 month ago

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says

Hindustan Times  

The Reserve Bank of India said if inflation is allowed to run unchecked, it can undermine the prospects of India's economy, especially for industry and exports. The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016 This comes after the headline consumer price index inflation rose above the upper …

India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint  

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts
1 month, 1 week ago

Indian Economy to Grow 7.2 Percent in 2024, Moody’s Forecasts

Deccan Chronicle  

New Delhi: Global rating agency Moody’s Ratings on Friday said that the Indian economy is in a sweet spot and projected a 7.2 per cent gross domestic product or GDP growth for India in 2024 with the mix of solid growth and moderating inflation. “Although the central bank shifted its monetary policy stance to neutral while keeping the repo rate …

India trade minister says central bank should cut rates, look through food prices
1 month, 1 week ago

India trade minister says central bank should cut rates, look through food prices

Live Mint  

MUMBAI, Nov 14 - India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 1 week ago

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent

India TV News  

In line with the uptick in retail inflation, wholesale inflation in India too witnessed a sharp spike in October. The annual rate of inflation based on all India Wholesale Price Index number is 2.36 per cent for the month of October, 2024. For food index, which has 24.38 per cent weightage, the rate of wholesale inflation was at 11.59 per …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 1 week ago

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation

Deccan Chronicle  

NEW DELHI: India’s industrial production witnessed a significant expansion by 3.1 per cent in September from a negative territory in August 2024 at 0.1 per cent, mainly due to improvement in the manufacturing sector. While headline retail inflation rose to 14-month high of 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 1 week ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 1 week ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 1 week ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 1 week ago

Retail inflation at a 14-month high, rises to 6.21% in October

India Today  

Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices. Inflation in October climbed above the Reserve Bank of India's 6% tolerance threshold, marking the first breach of this level in 14 months since August 2023. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
1 month, 1 week ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge
1 month, 2 weeks ago

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

Live Mint  

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Annual retail inflation as measured by the consumer price index likely rose a second straight month to 5.81% in …

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation
3 months, 1 week ago

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation

News 18  

Inflation in India has moderated but still, there is a distance to cover, Reserve Bank Governor Shaktikanta Das said on Friday. “Inflation has moderated from its peak of 7.8% in April 2022 into the tolerance band of +/- 2% around the target of 4%, but we still have a distance to cover and cannot afford to look the other way,” …

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News
3 months, 1 week ago

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News

ABP News  

Retail inflation in India is projected to stay below 4% for August 2024, according to recent reports. The Consumer Price Index, a key measure of retail inflation, is expected to remain within this range due to various factors influencing the market. Additionally, the prices of essential goods and services have not seen major spikes, contributing to the overall lower inflation …

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July
3 months, 1 week ago

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July

Deccan Chronicle  

New Delhi: India’s headline retail inflation for the month of August 2024 stood at 3.65 per cent as compared to 3.6 per cent in July, while it was 6.83 per cent a year ago. India’s industrial output growth also recorded a growth of 4.8 per cent in July 2024, two separate government data showed on Thursday. Meanwhile, India’s industrial production …

Inflation control: India doing better than advanced economies like US and Germany, says SBI report
3 months, 1 week ago

Inflation control: India doing better than advanced economies like US and Germany, says SBI report

Live Mint  

India has shown a largely successful inflation-targeting regime compared to advanced economies like the United States and Germany, reported ANI, quoting a State Bank of India research report. “India had a largely successful inflation targeting regime, compared to advanced economies like the USA and Germany,” as per the report. The SBI report cited government initiatives, Reserve Bank of India measures, …

Avoid haste on shift to core CPI
3 months, 3 weeks ago

Avoid haste on shift to core CPI

Hindustan Times  

Should India’s inflation targeting framework target the headline Consumer Price Index or just its core, namely, the non-food non-fuel part? REUTERS/Francis Mascarenhas/File Photo Inflation targeting, at a theoretical level, is supposed to use interest rates to maintain a healthy balance between inflation and growth. Because inflation targeting is a forward-looking exercise — higher interest rates today are expected to contain …

Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 1 week ago

Retail inflation drops to 3.5% in July, hitting a near 5-year low

India Today  

Retail inflation in July eased to 3.54%, marking a sharp decline after it rose in the previous month. "There is sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index number for the month of July 2024, which is the lowest in the last 59 months," the government's press release said. "Year-on-year inflation rate based …

Economic Survey on retail inflation: ‘Government and RBI’s intervention helped'
5 months ago

Economic Survey on retail inflation: ‘Government and RBI’s intervention helped'

Hindustan Times  

The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government's timely policy interventions and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 per cent. However, in FY24, the central government's timely policy interventions and the Reserve Bank …

Economic Survey out ahead of Budget: What it says on GDP, inflation and more
5 months ago

Economic Survey out ahead of Budget: What it says on GDP, inflation and more

Hindustan Times  

Union Finance minister Nirmala Sitharaman tabled the Economic Survey 2023-2024 in the Lok Sabha. The growth estimated by the Economic Survey, ahead of the Union Budget, is in line with the International Monetary Fund’s estimate of 7 per cent. Follow LIVE updates on Economic Survey here The survey said, “The survey conservatively projects a real GDP growth of 6.5–7 per …

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24
5 months ago

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24

Deccan Chronicle  

The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product in 2023-24 was 20 per cent higher than its level in pre-pandemic 2019-20, according to the Economic Survey 2023-24 tabled on Monday in the Parliament.This, as per the Survey document, is a feat that only a very few major economies had achieved. …

India's retail inflation to remain close to 5% for most of this year: SBI Research
5 months, 1 week ago

India's retail inflation to remain close to 5% for most of this year: SBI Research

Hindustan Times  

Retail inflation, or the Consumer Price Index in India, is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research. India's retail inflation rate increased in June, deviating from the moderation seen in previous months, driven by rising food prices. Food prices remain a significant challenge for policymakers …

IIP grows 5.9%, inflation up 5.08%
5 months, 1 week ago

IIP grows 5.9%, inflation up 5.08%

Deccan Chronicle  

New Delhi: With good performance in key sectors, mostly in mining and power, India's industrial production grew 5.9 per cent in May this year, while India’s consumer inflation in June 2024 stood at 5.08 per cent against 4.8 per cent in May. “During April-May this fiscal, the IIP grew 5.4 per cent as compared to 5.1 per cent in the …

Retail inflation rises to 5.08 per cent in June, says govt data
5 months, 1 week ago

Retail inflation rises to 5.08 per cent in June, says govt data

Hindustan Times  

Retail inflation climbed to 5.08 per cent in June due to higher prices of kitchen items, according to government data released on Friday. Retail inflation has increased to 5.08 per cent in June due to kitchen items becoming dearer The Consumer Price Index based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023. …

Retail inflation at 4-month high, rises to 5.08% in June
5 months, 1 week ago

Retail inflation at 4-month high, rises to 5.08% in June

India Today  

Retail inflation surged to 5.08% in June, rising to a 4-month high on an annual basis from 4.80% in May last month, as per government data released on Friday, July 12, 2024. "Year-on-year inflation rate based on All India Consumer Price Index number is 5.08% for the month of June, 2024. CPI data for June The inflation rate has stayed …

India inflation seen up in June due to soaring vegetable prices: Reuters poll
5 months, 2 weeks ago

India inflation seen up in June due to soaring vegetable prices: Reuters poll

Hindustan Times  

By Vivek Mishra India inflation seen up in June due to soaring vegetable prices: Reuters poll BENGALURU - India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. The July 5-9 …

Fed’s Powell Testifies as Inflation, Hiring Cool
5 months, 2 weeks ago

Fed’s Powell Testifies as Inflation, Hiring Cool

Live Mint  

-- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment. Asia China may get some mildly positive news on prices, with data Wednesday expected to show consumer inflation ticked higher in June and factory-gate …

Retail inflation eases to 12-month low
6 months, 1 week ago

Retail inflation eases to 12-month low

Deccan Chronicle  

New Delhi: With the decline of food prices and kitchen items, India’s headline retail inflation eased to a 12-month low of 4.75 per cent in May on an annual basis from 4.83 per cent in April, while the industrial output slowed to a three-month low of 5 per cent in April as against 5.4 per cent in March this year, …

India's CPI Inflation Eases To 12-Month Low of 4.75% In May 2024; IIP Grows 5% In April
6 months, 1 week ago

India's CPI Inflation Eases To 12-Month Low of 4.75% In May 2024; IIP Grows 5% In April

News 18  

Retail Inflation in May 2024: India’s CPI inflation in May 2024 eased to a 12-month low of 4.75 per cent, according to official data released on Wednesday, June 12. IIP: India’s Industrial Production Grows 5% in April 2024 According to separate official data released on Wednesday, India’s industrial production grew 5 per cent in April this year mainly due to …

India’s retail inflation eases to 12-month low of 4.75 per cent in May
6 months, 1 week ago

India’s retail inflation eases to 12-month low of 4.75 per cent in May

India TV News  

Retail inflation: Retail inflation eased to a 12-month low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023. Inflation in the food basket was 8.69 per cent …

India's wholesale inflation rises to 13-month high of 1.26 per cent in April
7 months, 1 week ago

India's wholesale inflation rises to 13-month high of 1.26 per cent in April

India TV News  

Wholesale inflation: India's wholesale inflation in India, based on the Wholesale Price Index, surged to 1.26 per cent in April on an annual basis, marking a notable increase from the 0.53 per cent recorded in March and reaching a 13-month high, data from the Commerce Ministry on Tuesday showed. Wholesale inflation saw a second consecutive month of increase in April, …

DC Edit | Cautious RBI targets inflation
8 months, 2 weeks ago

DC Edit | Cautious RBI targets inflation

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee has once again kept the policy repo rate unchanged at 6.5 per cent. Retail inflation hovered around 5.1 per cent during January and February 2024, which is a marginal decline from 5.7 per cent in December 2023. Food inflation — which is the most important focus area for the world’s populous country …

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