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Retail Inflation Touches an Almost 6-Year Peak Apex at 7.59% in January

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Retail inflation in January rose to 7.59%, an almost six-year high. The present figures are marginally over December’s 7.35% and the most elevated since May 2014. CPI rural inflation has ascended to 7.73% from 7.23% in December. January core inflation is at 4.8% from 3.7% in December.

The Reserve Bank of India has kept its repo rate unaltered at 5.15% in its February MPC meet, regardless of reducing progress, and overhauled up its inflation projections, considering it would run somewhere in the range of 5.0% and 5.4% in the principal half of the up and coming monetary year.

The RBI, which cut interest rates by a combined 135 basis points a year ago, is currently expected to remain on hold until in the not so distant future, putting the onus on the government to help the hailing economy.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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