RBI to cut rates? CPI inflation now under 4% despite skyrocketing petrol, diesel prices
Retail inflation fell below 4% to a 10-month low of 3.69% in August on the back of a fall in vegetables, fruits and pulses, showed data released by the Central Statistics Office on Wednesday.
RBI will be considering this set of data for formulating its next bi-monthly monetary policy on October 5. Image source: Reuters