Diabytes
Domestic inflation News
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Despite these challenges, the RBI is expected to initiate a rate-cutting cycle in 2025, potentially reducing rates by 50-75 basis points as inflation moves closer to its medium-term target of 4 per cent.
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The Consumer Price Index (CPI)-based inflation rate for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices.
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Several other market participants say that rice prices in other key growing nations, who compete for market share with India, have started dropping, with India entering the market with little or no barrier.
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