Twitter: @the_news_21
Consumer Price Inflation had been plaguing the Reserve Bank of India by remaining above its tolerance level of 6 per cent for three straight quarters. This forced the central bank’s hand as it had to raise interest rates to restrict cashflow in order to control demand and bring down prices.
But inflation dropped below RBI’s threshold in March 2023, and has been slipping downward, as it hit a two-year low of 4.25 per cent in May.
TheNews21 is India’s independent digital news and investigative platform founded by senior journalist Vivek Bhavsar. From our Mumbai newsroom, we expose corruption, analyse political power, track governance and public policy, and report on issues that directly impact citizens. Alongside investigations, we bring credible coverage of national politics, economy, foreign affairs, business, crime, and civic matters. Our journalism stands firmly on the principles of independence, accuracy, and public interest — No Fear, No Favour.
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