With its eyes on inflation, RBI may halt rate cuts for the foreseeable future

Retail inflation measured by the Consumer Price Index (CPI) rose to 6.93% in July on account of higher food prices, breaching the RBI's upper tolerance level of 6% for two consecutive months. The data for June was also revised upward to 6.23% from 6.09%.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Q9y3q0