The Reserve Bank of India (RBI) raised its inflation forecast for fiscal year 2025 to 4.8% due to a surge in food prices. Retail inflation hit 6.2% in October. While near-term inflation remains high, the RBI expects moderation in the fourth quarter due to easing vegetable prices and strong harvests. The RBI maintained its benchmark repo rate at 6.
Related Posts
US urges India, Pakistan to work towards solution after Pahalgam massacre
Amid escalating tensions between India and Pakistan following the Pahalgam terrorist attack, the United States has stated that it is in communication with both nations […]
IPL match today, PBKS vs RCB
Punjab Kings, boosted by their recent victory over Royal Challengers Bengaluru, aim to solidify their playoff position in their upcoming home game. RCB, struggling after […]