What's NewInflation a grave concern now.

The wholesale level inflation as measured by Wholesale Price Index (WPI) rose to 5.8% year-on-year (YoY), highest since Dec'13. This comes after retail inflation touched the 5% mark. Inflation has become a serious concern now both at the retail and wholesale level. We feel that the underlying inflation in India is accelerating and has gone beyond the comfort zone of RBI which is mandated to keep inflation at 4% in the medium-term. We expect RBI to pull the policy rates as early as Aug amidst soaring inflation and a weak rupee. (July 17, 2018)

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