India's retail inflation likely to ease by December - finance secretary By Reuters

© Reuters. FILE PHOTO: Shoppers are reflected in mirror inside a shopping mall in New Delhi, India, December 14, 2022. REUTERS/Anushree Fadnavis/File Photo

India's retail inflation remained above the upper end of the central bank's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July. The Indian central bank has forecast retail inflation falling to 5.7% in the December quarter, cooling further to 5.4% in fiscal 2024.

Last month JPMorgan said it will include India's local bonds in its Government Bond Index-Emerging Markets from June 28, 2024.

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