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Analysts expect the RBI could raise the repo rate by a cumulative 50 basis points by December as higher inflation, crude oil prices and surplus banking liquidity increase pressure for monetary tightening.
Analysts expect the RBI could raise the repo rate by a cumulative 50 basis points by December as higher inflation, crude oil prices and surplus banking liquidity increase pressure for monetary tightening.
Higher food prices push consumer inflation above May levels. Key Highlights New Delhi: India’s retail inflation increased to 4.38% in June from 3.93% in May, mainly due to a rise in food prices, according to official government data. Food inflation based on the Consumer Price Index (CPI) rose to 5.32%...
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