Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Feb 13, 2019 08:51 AM IST | Economy

January retail inflation pace drops; RBI could cut rates again

Annual retail inflation in January rose 2.05 percent, its slowest pace since June 2017, government data showed on Tuesday.
In a surprise move on February 7, the Reserve Bank of India's Monetary Policy Committee (MPC) cut the benchmark repo rate 25 basis points to 6.25 percent, in its first cut in 18 months, and hinted of more room to cut rates.
The MPC, which mainly monitors retail inflation data, also revised down its inflation projections for the period from April to September to 3.2 percent to 3.4 percent, from 3.8 percent to 4.2 percent.
January retail inflation pace drops; RBI could cut rates again
Published Date: Feb 13th, 2019 08:51 AM | Updated Date: Feb 13, 2019 08:51 AM IST
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

More From
Live TV