Retail Inflation hits 3-month high of 6.52%, after falling below RBI threshold
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After the retail inflation was clocked below the Reserve Bank of India's threshold of 6 per cent for two straight months, the central bank decided to lower intensity of repo rate cuts. Days after RBI announced a rate cut of 25 basis points, India's retail inflation has again climbed above 6.52 per cent. This is the highest rate of inflation in three months, and may impact the expectation that RBI will do away with rate hikes.