In March, India s headline retail inflation rate eased to a nine-month low of 4.85 percent, according to data released by the Ministry of Statistics and Programme Implementation on April 12.
India s retail inflation dipped to 4.85 per cent annually in March from 5.09 per cent in the previous month, as per ET bureau. A Reuters survey had anticipated a decrease to 4.91 per cent. The figure falls within the 2-6 per cent tolerance band set by the Reserve Bank of India (RBI).
The latest inflation data comes a week after the RBI s Monetary Policy Committee (MPC) on April 5 announced the decision to keep the policy repo rate unchanged at 6.5 percent for the seventh consecutive time
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