Inflation tops RBI aim after 17 mths to reveal pain
Synopsis India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in
Synopsis India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures.
The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need to
support economic growth. Concerns remain about global energy prices and an erratic monsoon season.
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