Inflation Tag

Soaring inflation dampens India’s rate cut hopes

With retail inflation soaring in the country, the odds of an interest rate cut by the Reserve Bank of India (RBI) at its forthcoming monetary policy meet in August have diminished. According to the data released by

RBI holds onto its clippers for now; keeps rates unchanged

Owing to the recent upsurge in inflation, the Reserve Bank of India has pressed a pause button on rate cuts in its second bi-monthly monetary policy review on June 7, 2016, as it is keeping a close watch on the progress