India’s wholesale price index (WPI)-based inflation fell to a 29-month low of 1.34 per cent in March owing to a steep fall in indexes of primary articles, manufactured products, fuel and power as well as food.
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India’s Reserve Bank pauses interest rate hikes after April monetary policy review
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank’s Governor Shaktikanta Das announced. The MPC decided to keep the repo rate — the rate at which RBI lends to the banks — at 6.5 per cent taking into account the macroeconomic conditions.
India’s retail inflation rises to 6.5% in January; worrisome, say economists
India’s consumer price index (CPI) inflation touched 6.5% in January, the Ministry of Statistics & Programme Implementation said on Monday, after clocking 5.72% in December and 5.88% in November last year, and economists termed it “worrisome”.
