The Reserve Bank is much ahead of the curve in containing inflation, which appeared to have peaked, though it may go for an interest rate hike in August and October, said an SBI research report on Monday. After rising to a 95-month (almost 8 years) high of 7.79 per cent in April, Consumer Price Index (CPI) based inflation moderated to 7.04 per cent in May.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hqk4JMp
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