IndiaTimes
India’s retail inflation climbed to a nine-month high of 5.5% in September, fueled by a rise in food prices and an unfavorable base effect. This turnaround from previous lows in July and August dampens chances of imminent interest rate cuts by the RBI. The Monetary Policy Committee signals potential rate adjustments depending on inflation trends…
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Food on boil, retail inflation hits nine-month high of 5.5%
Jeanice Pingree
04:24
India’s retail inflation climbed to a nine-month high of 5.5% in September, fueled by a rise in food prices and an unfavorable base effect. This turnaround from previous lows in July and August dampens chances of imminent interest rate cuts by the RBI. The Monetary Policy Committee signals potential rate adjustments depending on inflation trends…
