INSUBCONTINENT EXCLUSIVE:
Inflation in the month of August was revised higher to 3.28% from 3.21%.Retail inflation measured by Consumer Price Index rose to 3.99 per
cent in September, its highest level since July 2018, but remained below the Reserve Bank of India's target range of 4 per cent for the
fourteenth month in a row
inflation rate of 3.70 per cent for September.The inflation picked up in September on the back of higher consumer inflation in vegetables
and meat and fish categories which registered inflation growth 9.30 per cent and 9.99 per cent each respectively.With today's inflation
numbers staying below the Reserve Bank of India's target range for fourteenth month in a row leaves room for the central bank to further
ease the monetary policy and lower the repo rate again at its December Monetary Policy Committee meet.Repo rate is the rate at which the
central bank lends short-term funds to banks.Separate data in the morning showed that inflation measured by Wholesale Price Index
data showed.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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