Retail inflation dropped to 6.8% in Aug as veg, edible oil prices fall
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Photo By Agrihunt
Fall in vegetable and edible oil prices pushed retail inflation based on Consumer Price Index (CPI) below 7 per cent in August to 6.8 per cent. It was 7.4 per cent in July. However, cereal prices are still high.
Experts do not see any change in policy repo rate next month when Monetary Policy Committee (MPC) will meet. This means interest rates on loan may not see any change for the time being.
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