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As Inflation is increasing regularly there are indications from RBI to increase interest by 50 basic points
India's retail Inflation rate increased to 7.0% in August from 6.71% in the earlier month
The Main reason for overall high inflation is high inflation in food.
There was a rise of 6.17 in Core CPI in the month of Augu
st.
Shilan Shah Expects RBI to increase 25 basic points in the next two meetings upcoming in Septe
mber
According to experts, the average Inflation rate for the year 2022 is going to be around 6.7 pe
rcent.
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