Retail inflation steadily easing, food prices still a concern: RBI bulletin

Overall, Pakistan and Australia have come up against each other in 35 matches at the Under-19 level in limited overs, and according to ESPNCrinfo, Pakistan has won 19 of those matches, and the Australian Colts have been winners in 14 matches with one match ending in a Tie and another getting washed out with no-result. 

In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter.

Also, the prospects for agriculture are brightening with the early landfall of the southwest monsoon, said the article authored by a team led by Reserve Bank deputy governor Michael Debabrata Patra.

"Headline inflation is gradually easing, driven by sustained softening of its core component, although the path of disinflation is interrupted by volatile and elevated food prices," the authors said.

The RBI has been mandated by the government to ensure retail or headline inflation remains at 4 per cent with a margin of 2 per cent on either side.

Earlier this month, the RBI's monetary policy committee (MPC) voted to keep the policy repo rate unchanged at 6.50 per cent and reiterated its stance of remaining focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth.