Wednesday, April 24, 2024
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India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased sharply to 11-month low of 5.88% on an annual basis in November from 6.77% in October, 2022 amid cooling global commodity prices and higher borrowing costs. The number came within the Reserve Bank of India’s (RBI) tolerance band of 2-6% for the first time this year.

The Central Government has mandated the RBI to maintain retail inflation at 4% with a margin of 2% on either side for a five-year period ending March 2026.

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