Economy and macroUpdated 9h ago

India’s inflation tops the RBI’s 6% ceiling.

India’s consumer inflation reached 6.09% in October, its highest level in two years. The reading is 0.09 percentage points above the Reserve Bank of India’s 6% ceiling, the top of its 2%-6% tolerance band. It’s a narrow breach, but a breach all the same: Bloomberg says it adds pressure on policymakers to raise interest rates further.

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