India's annual retail inflation (INCPIY=ECI) eased to 5.59% in July from 6.26% the previous month, government data released on Thursday showed. Analysts in a Reuters poll had predicted annual inflation at 5.78%.
Canada lost 68,000 jobs in May and the unemployment rate rose to 8.2%, as lockdowns imposed to curb a harsh third wave of COVID-19 continued to weigh on the economy, Statistics Canada data showed on Friday.
The Reserve Bank of India (RBI) kept interest rates steady at record lows and reiterated its commitment to keeping policy accommodative as a second wave of COVID-19 infections threatens to derail the country's economic recovery.