Will the Repo rate go below 5 Percent ?
Will the Repo rate go below 5 Percent ? The Retail Inflation, so called Consumer Price Index (CPI) Inflation stood at 3.21 Percent in the month of August 2019. This is up from 3.15 Percent in July and 3.18 percent in the same August last year. However it did not reach the expected level of 3.30 Percent by the Analysts. At the same time, the retail inflation is also below RBI's medium term Target of 4 Percent. It is noteworthy over the past one year, India's Retail Inflation has not exceeded the said 4 Percent. The Inflation rose in August 2019 is due to Food Prices like Meat and Fish, Vegetables and Pulses. Prices of Oil, Fat and Milk products have also increased marginally. Fruits and Sugar products are declined in the last month. Rural Inflation was 2.18 Percent and Urban Inflation was at 4.49 Percent Provisionally in the month of August 2019. India's CPI Inflation has averaged about 6.2 Percent Since the year of 2012. It was seen as 12.17 Percent which is the highest in