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Wholesale inflation in negative zone for sixth month in a row tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
After falling 10 per cent against the greenback in 2022, the rupee staged a comeback in 2023 as it appreciated, albeit marginally, on the back of strong portfolio inflows, in addition to timely intervention by the Reserve Bank of India.
The Indian unit appreciated by 0.16 percent in six months until June 28.
The rupee stood in third place in terms of appreciation against the US dollar among the 12 Asian currencies and in 12th place of the 23 emerging-market currencies. ....
Amid easing inflationary pressure in the recent months Reserve Bank of India Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow and protracted with the 4% inflation target likely to be met only over the medium-term. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully," ....