India Aug. retail inflation rate climbs; rate cut hopes still high

Japan News | Sep 13, 2019 at 9:25 AM
  • India’s retail inflation rate increased to a 10-month high in August but stayed below the central bank’s 4 percent medium-term target, strengthening expectations that there will be another interest rate cut next month.
  • A Reuters poll had forecast an annual retail inflation rate for August of 3.3 percent .
  • The central projected inflation to remain at 3.4 percent to 3.7 percent during the October-March period.