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Indias retail inflation in December rose to 5.69 per cent, compared to 5.55 per cent in November, according to data released by the Ministry of Statistics & Programme Implementation on Friday. This increase remains within the Reserve Bank of Indias tolerance range of 2-6 per cent. On a month-on-month basis, the inflation rate contracted by (-)0.32 per cent.

Indias retail inflation in December rose to 5.69 per cent, compared to 5.55 per cent in November, according to data released by the Ministry of Statistics & Programme Implementation on Friday. This increase remains within the Reserve Bank of Indias tolerance range of 2-6 per cent. On a month-on-month basis, the inflation rate contracted by (-)0.32 per cent.

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India Retail inflation: In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent.

India Retail inflation: In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent.

RBI Monetary Policy Committee: The Reserve Bank of Indias monetary policy panel today XXX Indias inflation aim for this fiscal year amid worries for rising food prices and uncertainties around crude prices that have however recently been on a downtrend. Reserve Bank of Indias Governor Shaktikanta Das today announced the inflation target during the Monetary Policy Committees rate announcement. The MPC today also left Indias repo rate unchanged for a fifth straight time.

The MPC) expected to keep benchmark lending rates unchanged for the fifth consecutive time. The relatively favorable macroeconomic indicators in India, with easing retail inflation and a GDP growth rate of 7.8% in Q2FY24, provide confidence to chart its own path, independent of US Federal Reserve, European Central Bank and Bank of Japan

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