Inflation: Easing out

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India's inflation falls to 5.10% in January 2024. RBI holds the repo rate steady.

In January, India's retail inflation dropped to 5.10% from 5.69% in December, remaining within the RBI's comfort zone. The drop in retail inflation coincides with the Reserve Bank of India's recent announcement to keep the repo rate unchanged for the sixth consecutive time. While the RBI may maintain interest rates until at least the June policy review, potential rate cuts could be considered if the current trajectory persists. Read more

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