Food inflation remains the biggest headache for the apex bank as it slows the process of disinflation. With a weight of around 46 per cent in the CPI basket, the food inflation contributed to more than 75 per cent of the headline inflation in May and June
Read MoreIndustry leaders have expressed optimism for the economic growth, Anish Shah, President of the Federation of Indian Chambers of Commerce and Industry (FICCI) praised the RBI's revised outlook.
Read MoreThe decision comes amidst a backdrop of economic uncertainties both domestically and globally
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