April inflation validates RBI's repo rate pause move: SBI Research
New Delhi [India], May 13 (ANI): The moderation in the country's retail inflation in April has validated the Reserve Bank of India's (RBI) decision to pause the repo rate in its first 2023 monetary policy meeting, according to SBI Research.
Retail inflation in India eased sharply in April to 4.7 per cent or an 18-month low, as against 5.7 per cent the previous month.
"This is an optimistic number and may impact the future