BBCNEWS Asia Business Report June 4, 2024 01:40:00
Business correspondent has more. inflation is expected to dip below the upper tolerated limit, it is expected to come in at about five as opposed to 6.4% in the last month because according to a consensus estimate of economists polled by reuters, this is largely driven by moderation in food prices which account for about half of overall inflation a dip in vegetable prices is expected to have brought down food inflation, but the cost of fuel has gone up recently and that would push up overall inflation again according to economists. lastly, the reserve bank of india kept rates on hold after six...