The Never Ending Inflation Battle

There seems to be no respite from high prices for the common man. Inflation based on the wholesale price index (WPI) inched up to 6.01% for May as against 5.20% for April and 4.58% in May 2013 due to higher prices of food articles. The main increase in food articles noticed in May compared to … Continued

RBI Hikes Rate, Continues Inflation Battle

The Reserve Bank of India (RBI) today hiked the repo rate – the interest rate banks pay when they borrow funds from the central bank – by 0.25% in its battle to control inflation.   The repo rate now stands at 8% per annum. The reverse repo rate, the rate RBI pays to commercial banks … Continued