Inflation is clearly on the rise and RBI may need to re-examine its policy stance
· livemint.com
Wholesale inflation rose to 9.9% in June while India’s retail inflation at 4.4% marked a 17-month high. This wouldn’t have surprised the Reserve Bank, but uncertainty over energy and food supplies may call for a stance review.
To be sure, RBI did flag this incline last month; it raised its inflation projection for 2026-27 to 5.1% from 4.6%. If renewed hostilities between the US and Ir...