scorecardresearchRetail inflation eases to 6.71% in July but still above RBI's threshold

Retail inflation eases to 6.71% in July but still above RBI's threshold

Updated: 13 Aug 2022, 10:33 AM IST
TL;DR.
With retail inflation continuing to remain high despite a fall in prices of vegetables and edible oils, among other commodities in July, the Reserve Bank of India (RBI) might go for another rate hike in September.
A vegetable vendor counts Indian Rupee currency notes in Mumbai on July 19, 2022. - The Indian rupee fell to more than 80 per US dollar for the first time on record on July 19, as the greenback extended its rally and foreign capital outflows intensified. (Photo by INDRANIL MUKHERJEE / AFP)

A vegetable vendor counts Indian Rupee currency notes in Mumbai on July 19, 2022. - The Indian rupee fell to more than 80 per US dollar for the first time on record on July 19, as the greenback extended its rally and foreign capital outflows intensified. (Photo by INDRANIL MUKHERJEE / AFP)