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Inflation peaked in Jan, its momentum is declining: RBI Deputy Governor
short by Ashley Paul / on Wednesday, 23 February, 2022
Reserve Bank of India (RBI) Deputy Governor Michael Patra said inflation in India has reached its peak and its momentum "is actually declining". Referring to inflation rates breaching RBI's 6% target ceiling, Patra said policymakers had room to keep borrowing costs lower for longer to support the economy. Inflation rose to its seven-month high of 6.01% in January this year.
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