Retail inflation in India hit a 7-month low of 3.61% in February, staying within the RBI’s target range. Both rural and urban areas experienced notable reductions in food inflation. This decrease might prompt the Monetary Policy Committee to consider lowering the repo rate in April to stimulate GDP growth.
Retail Inflation Hits 7-Month Low at 3.61% in February, May Spur RBI Rate Cut for Economic Boost
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