Food prices push India's August retail inflation to five-month highStaff Writer | September 13, 2017
India’s consumer price inflation rose more than expected to a five-month high in August.
Asia The Reserve Bank of India cut its main policy rate
India’s consumer price index (CPI) rose 3.36 percent in August from a year earlier, data released by the Ministry of Statistics on Tuesday showed.
Last month, the Reserve Bank of India (RBI) cut its main policy rate by 25 basis points to 6 percent, the lowest since 2010, while keeping its policy stance at “neutral”. ■