Domestic consumer inflation eased to 1.55 per cent in July, its lowest level recorded in eight months, showed official data released on Tuesday. In June, retail inflation — or the rate of increase in the prices consumers pay for select goods and services — had stood at 2.1 per cent. The latest reading is in…
Repo rate vs Loan EMI: In the February, April and June monetary policy committee (MPC) meetings this year, borrowers got huge relief from the Reserve Bank of India (RBI) as the central bank gave a cumulative rate cut of 100 bps. The significant rate cut translated into cheaper loans as equated monthly instalments (EMIs) of…
Domestic consumer inflation was recorded at 2.82 per cent in May, easing from 3.16 per cent the prevous month, official data showed on Thursday. This marks the seventh straight month of sequential cooling in the retail prices. (This is a breaking news story. More details will be added shortly) Source link