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Retail inflation eases to five-month low in March

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's retail inflation eased to a five-month low in March, but remained above the Reserve Bank of India's medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June.The RBI, which has kept rates steady since a cut of 25 basis points in August, is widely expected to maintain rates at their current level in the next review due on June 6.Last week, central bank lowered its April-September retail inflation projection to 4.7 percent to 5.1 percent, from a previous range of 5.1 percent to 5.6 percent ...

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First Published: Thu, April 12 2018. 18:18 IST