Key Points
The figure falls within the 2-6 per cent tolerance band set by the Reserve Bank of India (RBI).IANSInflation (Representational)..
India's retail inflation eased to 4.85 per cent on an annual basis in March as against 5.09 per cent in the previous month, reported ET bureau on Friday..
The inflation in the food basket was at 8.52 per cent in March, down from 8.66 per cent in February, reported PTI, citing the National Statistical Office (NSO)...
Reserve Bank of India (RBI) Governor Shaktikanta Das, while unveiling the outcomes of the first bimonthly Monetary Policy Committee (MPC) meeting of FY25, characterized inflation as the prominent challenge, referring to it as "the elephant in the room.".
In its April meeting, the MPC left its inflation forecast for this fiscal year unchanged at 4.5 per cent assuming normal monsoon, even as the country braces for a scorching summer amid a spike in crude oil prices and persisting worries about supply chain due to the Red Sea crisis...
