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BENGALURU (Reuters) - India's retail inflation in September likely overshot the Reserve Bank of India's (RBI) 4% medium-term target for the first time since July due to a persistent rise in ...
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"It is with a lot of effort that the inflation horse has been brought to the stable - that is closer to the target," Reserve Bank of India governor Shaktikanta Das said, announcing the rate decision.
India's retail inflation in September exceeded the RBI's 4% target due to rising vegetable prices and a lower year-ago base. The inflation rate is predicted to be 5.04% compared to 3.65% in August.