scorecardresearchIndia central bank deputy Michael Patra expects inflation to breach 6% for three quarters

India central bank deputy Michael Patra expects inflation to breach 6% for three quarters

Updated: 24 Jun 2022, 02:41 PM IST
TL;DR.
Retail inflation eased marginally in May, after touching an eight-year high of 7.79% in April, but remained above the central bank's tolerance band of 2-6% for a fifth month in a row.
FILE PHOTO: The Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra, arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. REUTERS/Francis Mascarenhas

FILE PHOTO: The Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra, arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. REUTERS/Francis Mascarenhas