The Consumer Price Index (CPI) based inflation fell sharply in July to 3.78 percent from a level of 5.40 percent in previous month, providing more space for policymakers to cut interest rates in coming days.
The latest retail inflation print was much lower than 7.39 percent recorded in July this year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.