Retail inflation, the primary gauge of central bank scaled up to 5.4% in June from 5.01% in May, on account of a sharp rise in prices of vegetables and pulses, data released by the central statistics office showed on Monday.
Implication:-
1. In the policy meet of Reserve Bank Of India which is to be held on 3rd August a rate cut is unlikely with inflation moving up.
2. With monsoon picking up most of the experts feel inflation might fall.
3. RBI likely to now wait till after monsoon.
4.Secondary Market In Tax-free Bonds Springs Back to Life Tax-free bonds, which have been languishing for more than six months due to lack of investor interest in secondary market, are in demand again.
5. A Rs.1 Crore delight for this food portal Investment bank Mape Advisory Group and Fireside Ventures have together invested Rs. 1 Crore in pre-launch round of funding in Delight Foods, an e-commerce platform that brings together iconic Indian food brands from across the country under one umbrella.
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