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March CPI inflation at 6.9% may trigger rate hike cycle from June: Analysts Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month
A higher-than-expected rise in retail inflation, or consumer price index (CPI)-based inflation in March, could lead to India's first repo rate hike in nearly two years in June, said analysts. Annual retail inflation shot up to a 17-month high of 6.95 per cent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for a third straight month. Core inflation, excluding food and fuel, rose to 6.53 per cent in...read more