NEW DELHI : Indian retail inflation eased in July after holding above 6per cent for two months in a row, helped by improving supplies following the lifting of pandemic restrictions, and the government said it would take all necessary steps to contain rising prices.
The Reserve Bank of India held its repo rate at a record low last week, but it raised its inflation forecast amid signs that policymakers could be edging closer to tapering pandemic-induced stimulus. "Today's print provides some breather to policymakers with inflation falling back within the target band," said Garima Kapoor, an economist for institutional equities at Elara Capital.
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