New Delhi : India’s retail inflation was at 6.21 per cent in October, breaching the Reserve Bank of India’s 6 per cent upper tolerance level. According to data released by the Ministry of Statistics and Programme Implementation on Tuesday, food inflation was at 10.87 per cent. Notably, vegetable Inflation was at 42.18 per cent. Corresponding.
Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.