Why is inflation rising in India? This RBI MPC member has an explanation
Updated: 28 Oct 2022, 02:19 PM IST
TL;DR.The retail inflation based on CPI has remained above 6 per cent since January 2022, and it was 7.41 per cent in September. The MPC factors in retail inflation while deciding the RBI's bi-monthly monetary policy.
Reserve Bank of India (RBI) on August 8 cancelled the licence of RCB, saying the Pune-based lender does not have adequate capital, and earning prospects and it does not comply with regulations. (REPRESENTATIVE PHOTO)