Retail inflation hardened to an eight-year high of 7.79% in April. In a surprise move, the Reserve Bank of India raised the policy repo rate by 0.4 percentage point (40 basis points) to 4.4% earlier this month. The central bank's monetary policy committee (MPC) had also suggested a cut in fuel taxes to dampen inflationary pressures.from Economy-News-Economic Times https://ift.tt/GzoFVMl
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