“CPI once again breached the RBI’s upper tolerance limit of 6%.”
“With global commodity prices rising due to geopolitical tensions and the constant increase in wholesale inflation over the past few months, it was expected that inflation would be passed on to the end consumer. With the crude oil prices breaching $100, and fuel price hike due after elections, inflation may continue to remain above the 6% level for the next few months. In the upcoming bi-monthly meet, RBI may have to depart from its accommodative stance and take action in line with major Central Banks.”
For more wealth management news, follow Prittle Prattle News.
This article was shared with Prittle Prattle News as a Press Release.
