Inflation back to haunt on higher input prices, rural economy disruptions: Crisil

It can be noted that the Reserve Bank is required to maintain the crucial number at 4 per cent in the medium term, with a 2 percentage point leeway on either side as part of its inflation target. A surge in inflation worries had led it to desist from introducing rate cuts during much of FY21, despite the over 7.6 per cent contraction in the economy.

from Economy-News-Economic Times https://ift.tt/3fEPV8o