There is news of relief on the inflation front. Retail inflation is expected to remain at 6.65 percent for July. If that happens, it will be the lowest rate in five months. Inflation is expected to come down due to a fall in food prices and a reduction in tax on fuel.
Barclays has said in its report that there may be a decrease of 0.36 percent in July as against 7.01 percent in June. The inflation data for July will be released on August 12. Earlier in April, the rate of retail inflation had reached an 8-year high of 7.79 percent.
Duty on petrol and diesel was reduced in May
The government had reduced excise duty on petrol and diesel in May. This is expected to bring relief on many fronts with food items. Rahul Bajoria, Chief Economist, India, Barclays, said several factors are expected to reduce retail inflation. Also, by October, it can come under the RBI's fixed ambit.
Inflation will decrease further in two to three months
Barclays said RBI will also get relief due to a reduction in the inflation rate. It is expected that it will continue to decrease for the next two to three months. The possibility of a fall in prices on the front like edible oil, and cooking gas will also reduce now. However, it said that floods in some parts of the country last month may have caused some damage.
Why Congress is absent from Gujarat and Himachal Pradesh elections, has already accepted defeat
The Election Commission can announce the assembly elections of Gujarat and Himachal Pradesh at an
Light rain in Delhi-NCR, now cold will knock; Schools closed after IMD alert in Tamil Nadu
The weather pattern seems to be changing once again in the national capital Delhi. The sky remain
Coronavirus Updates: Relief in Corona cases! 4858 new cases in 24 hours; 18 people died
There has been a big decline in the cases of Coronavirus in India. In the last 24 hours, 4,858 ca
An auto rickshaw and a truck collided head-on in a village in Karnataka's Chittaguppa taluk late
There has been a big decline in the cases of Coronavirus (Covid 19 Cases in India) in the country
Khelo Jharkhand: On the lines of the Khelo India campaign of the central government, now the Jhar
Joshimath Crisis: Cracks continue to grow in houses in disaster-hit Joshimath. Cracks were identi
Developed countries lagging in limiting temperature rise, target up to 1.5°C
Most developed countries are still lagging far behind plans to limit global temperature rise to 1
NEET UG Counseling: The process of registration for National Eligibility cum Entrance Test / NEET
Thanks to the stormy innings of Mark Chapman (104 *) and James Neesham (45 *), New Zealand defeat
