Economy News
As inflation eases, RBI to continue with accommodative stance: Economists

The surprise fall in August inflation gives the Reserve Bank of India (RBI) room to continue with its accommodation stance longer, and keep a lid on any criticisms about it, economists say. The August consumer price index (CPI) inflation print came at 5.3 per cent, lower than the consensus of 5.6 per cent. This is also lower than what the Reserve Bank of India (RBI) had predicted. The central bank had expected inflation at 5.9 per cent for the second quarter ended September, and 5.3 per cent for the third quarter ended December.

News Source:- https://www.business-standard.com/article/economy-policy/as-inflation-eases-rbi-to-continue-with-accommodative-stance-economists-121091401462_1.html