Retail inflation forecast Current Affairs - 2020

India’s Retail inflation dips marginally from 6.73% of July to 6.69% in August: Important facts

The data released by the government showed a slight downfall of CPI-based Retail inflation in India from 6.73% of July to 6.69% in August. Food inflation in August also degraded marginally to 9.05% from the previous 9.62%. What is retail inflation? Retail inflation is the increase in the price of goods which is sold at Read More…

RBI Monetary Policy review: Repo rate lowest since 2010

The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. Key Highlights With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate Read More…