RBI Rate Hike: The Reserve Bank of India (RBI) will announce the decision of the Monetary Policy Committee (MPC) on Wednesday. There are expectations that the central bank could go for a hike in benchmark interest rates again to contain inflation that continues to remain above its upper tolerance le
Retail inflation during December 2021 hardened for the third successive month to 5.6 per cent but was lower than the consensus expectation. Food inflation jumped to 4 per cent, from 1.9 per cent in November 2021. Core inflation, though elevated, softened slightly to 6 per cent in December 2021.