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India's retail price inflation likely to remain over 6% till April

This is owing to elevated oil and commodity prices

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Indivjal Dhasmana New Delhi
The consumer price index (CPI)-based inflation rate may not fall below the Reserve Bank of India’s (RBI’s) mandate of six per cent till April due to elevated oil and commodity prices. 
 
This may prompt RBI’s monetary policy committee (MPC) to raise its projections for inflation. However, it may still not change its stance on the policy rate as inflationary pressures are coming from high commodity prices. 
 
Oil marketing companies (OMCs) have raised petrol and diesel prices by 80 paise a litre for the third day on Friday. They had raised the prices on Tuesday and Wednesday also. 
 
OMCs have raised

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First Published: Mar 26 2022 | 6:03 AM IST

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