Fight against inflation will be prolonged and dogged: RBI

The Reserve Bank of India in its October Bulletin noted that India’s fight against ‘stubborn’ retail inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates and that it is fraught with uncertainties. However, going forward RBI expects the headline inflation to ease from its September high, albeit stubbornly, on the back of easing momentum and favourable base effects.

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