MPC Minutes: Excess liquidity on RBI radar https://ift.tt/tsQbMHO Consumer Price Index inflation surged to a 15-month high of 7.44% in July, shooting past the MPC's tolerance band of 2-6%. The MPC's inflation target is 4%. From mid-June to end-July, prices of tomatoes shot up nearly five times, with more than 80% of the rise occurring in the end of June and the first half of July, RBI executive director Rajiv Ranjan said.
Discover amazing career opportunities with Best Job in the World—a global platform created for dreamers eager to transform their passion into a profession.
Comments
Post a Comment