Question
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before returning to below the upper end of the target range in November 2022. What is the retail inflation target upper end?
Solution
The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before returning to below the upper end of the target range of 6 per cent in November 2022.
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