India CPI Inflation Edges Up to 4.45% as RBI Holds Rate at 5.25%
India's consumer inflation accelerated to 4.45% year-on-year in July, while food inflation jumped to 5.52% and the Reserve Bank of India kept its policy rate at 5.25%.
USDINR
India's Consumer Price Index inflation accelerated slightly to 4.45% year-on-year in July from 4.38% in June. The pick-up was primarily propelled by rising food prices, with food inflation jumping to 5.52%.
The Reserve Bank of India held its policy rate at 5.25%. The combination of faster headline inflation and elevated food price growth keeps further rate hikes on the table.
The data highlights that rising food costs remain a key upside risk for India's inflation trajectory, even as the central bank holds rates steady.
Source: FXStreet Forex News