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Consumer price inflation is likely to get hover at 5.3% in the FY of 24

Consumer price inflation is likely to get hover at 5.3% in the FY of 24

on 8 Feb 2023 , Concise by Nupursharma,

The Reserve Bank of India (RBI) expected it in the headline as the retail Inflation on an average of 5.3 percent in 2023-24, according to Governor Shaktikanta das claimed on February 8. In his address, while announcing the Monetary policy Committee (MPC) decision for hiking up to the Repo Rate by almost 25 basis points to 6.5 percent, the RBI Governor also claimed it to be the forecast for Consumer Price Index (CPI) Inflation in the current year that 20 basis points had lowered to 6.5 percen

Pakistan Rupee slumping with a low record

Pakistan Rupee slumping with a low record

on 28 Jan 2023 , Concise by Nupursharma,

Pakistan's rupee has slumped to a record low against the US dollar, leaving the crisis-hit nation seeking a bailout from the International Monetary Fund. The rupee dropped to a low of 143.2 against the dollar on Monday, according to data from the State Bank of Pakistan. The rupee has been on a downward spiral since the start of the year and is now down nearly 15 percent from its level at the start of 2019. The currency woes are just the latest problem for the nation, which is struggling to a

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