MumbaiIndia’s retail inflation hit 6.09% in October, a two-year high.
It breaches the central bank’s 6% tolerance limit, and economists now expect a rate hike.
Statistics ministry data show food inflation jumped to 8.94% from 7.74% in September.
The Reserve Bank of India’s policy meeting on 4 December decides whether to hike.
How each outlet framed it
drawn from 40+ reports worldwide
- The Hindu
- ties the 6.09% CPI breach to a likely RBI hike next month, with food inflation at 8.94% as the driver
- Asianet News Network Pvt Ltd
- credits the Nifty's 9.7% November rally to FII re-entry and the AI-trade weakening, per Geojit's Vijayakumar
Sources: The Hindu, Asianet News Network Pvt Ltd