India jerks in policy reins to choke off ballooning inflation


The Reserve Bank of India (RBI) on Tuesday acted on signs price pressures are becoming entrenched by hiking its benchmark reverse repurchase rate by a more aggressive than expected 50 basis points, taking it to 4.5% with immediate effect.

Annualised wholesale price inflation (WPI), the most relevant measure for monetary policy, hit 10.6% in June, 0.4 percentage points up from the May figure. In addition, revised data for March and April has put inflation in those months at 11% and 11.2% respecti

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: