India on Tuesday reported a further dip in retail inflation to 3.16% in April, with the price level a year earlier as the base for this measure, compared with 3.34% in March. Last month’s reading is the lowest since July 2019 and the third consecutive month that it has stayed below the Reserve Bank of…
With food prices having eased, it seems inflation in India is at last starting to stabilize. Retail inflation, according to government data released on Tuesday, eased to 3.3% in March over the same month last year, compared with 3.6% in February. This is the lowest reading since August 2019. Also Read: Mint Quick Edit |…
The decision, unanimously endorsed by the Monetary Policy Committee (MPC)—for the second time in a row this year—comes amid a complex global economic environment marked by rising trade tensions and persistent geopolitical volatility. It also reflects a broader global trend, where countries have gradually shifted away from monetary tightening towards rate cuts, albeit cautiously. Also…
