September inflation hits 9-month high: Will it delay RBI's rate cut plans?
Business | Oct 15, 2024, 01:48 PM ISTIndia’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
India’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
This marks the ninth consecutive time the MPC has held the repo rate at 6.5%, maintaining its stance of 'withdrawal of accommodation' to steer inflation towards the desired target. The decision received majority support, with four out of six members in favour.
New Delhi: The Reserve Bank of India (RBI) is likely to hold interest rates at its monetary policy review meeting on December second but is expected to lower them by 50 basis points next year,
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