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Anand Rathi Report
India’s Retail Inflation went up from 5.8% in March to 7.2% in April. While still high, the retail inflation rate has fallen to 6.1% in June. Supply disruption-led shortages of manufactured products during the lockdown seem to have been the major reason for the rise in inflation.
In contrast, the growth situation remains the key concern and the Reserve Bank Of India is likely to maintain the accommodative stance. That said, the RBI may hold or scale down further easing till inflation comes down further.
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