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 a leading national English news portal. Operating from the island city of Mumbai, it covers regional and federal current affairs related to politics apart from major foreign affairs issues. The portal also hosts in-depth investigation features, developments in the business sector, and keeps a pulse on the world of sports and entertainment.
Address: 104, SP Telange Industrial Estate, Opposite Vir Rubber Company, Kalyan-Badlapur Road, Chikhloli,Ambernath - West, Dist Thane, Maharashtra, India 421 501
