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Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development

Topics
RBI Policy | Indian Inflation | MPC

Indivjal Dhasmana  |  New Delhi 



Inflation
Representative Image

The retail price has declined for the last three months till July even as it remained over the mandatory threshold limit of six per cent, set by the monetary policy committee (MPC) of the (RBI). If it remains over six per cent for two more months the RBI will have to explain to the government in writing the reasons for its failure to contain the rate below the threshold limit, besides a couple of other suggestions and time frame.

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First Published: Tue, August 23 2022. 12:05 IST

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