Inflation rises to 0.26 per cent
Apr 23rd, 2009 | Category: Business NewsInflation rises to 0.26 percent from .18 per cent in the previous week as essential foods like cereals, eggs, salt, fruit and vegetables turned dearer. Inflation doesn’t take into account policy rate cuts announced by the RBI in its annual credit policy.
The Reserve Bank of India has slashed the short-term lending and borrowing rates by 25 basis points each to 4.75 per cent and 3.25 per cent, respectively.