217 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. You Might Be Interested In Exchange Rates Have Limited Impact on China’s Exports Saudi Arabia to become a global esports player in the next decade: SEF chairman TIAA and Empower Collaborate to Expand Lifetime Income Options for DC Plans BOJ Hints at Policy Shift, Prompting Uncertainty for Yen Carry Trades UK Regulators Slap Citi with £61.6 Million Fine Over Trading Failures Surge in IPOs Fueled by Investor Confidence in India