Retail inflation rises to 6.52% in Jan; breaches RBI's upper limit
Food inflation, measured by the Consumer Food Price Index, rose to 5.94% in January.
Food inflation, measured by the Consumer Food Price Index, rose to 5.94% in January.
Indian banks’ net interest margins are expected to widen by 20 bps-30 bps in the near term, based on the assumption that the repo rate will reach 5.9% by December 2022 and 6.15% by the end of 2023.
The BSE Sensex and the NSE Nifty are poised to start the week on a bearish note, tracking a sharp sell-off in Asian equities and negative trends on the SGX Nifty.
On a month-on-month basis, the overall retail inflation saw a 0.96% rise, while rural and urban inflation grew at 1.20% and 0.60%, respectively.