Retail inflation rate drops, giving RBI breathing space - newsbox

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Tuesday, November 13, 2018

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Retail inflation rate drops, giving RBI breathing space

The rate, which includes food and energy prices, dropped in October to 3.31 per cent on a year-on-year basis, the slowest pace in 13 months and remains below the Reserve Bank of India's (RBI) medium-term target of 4 per cent for a third straight month. The September inflation rate was a revised 3.70 per cent.

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