May was a time of delight for policymakers with retail inflation touching a 25-month low. It was the third successive month of decline with the rates
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Due to high inflation, the income of the people of rural areas has been hurt and their purchasing power has decreased.
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Given the RBI’s projection of 5.1% retail inflation projection in FY24, analyst think that any possible rate cut might take place in FY25, or Q4 of
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The Reserve Bank kept policy rates unchanged at 6.5% and growth target for FY24 at 6,5%. It has kept the inflation rate target at 5.1%
Fall in Indian inflation can be attributed to RBI, global factors as well as automatic stabilizers
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