India’s March retail inflation quickens to 3.4% as US war on Iran disrupts global trade flows

In March, India's retail inflation ticked up to 3.4%, influenced by escalating tensions in the Middle East that are affecting global oil supplies. However, this increase remains comfortably within the target range set by the Reserve Bank of India. While the RBI is aware of external threats, it underscores the resilience of India's economy. Synopsis In March, India's retail inflation ticked up to 3.4%, influenced by escalating tensions in the Middle East that are affecting global oil supplies. However, this increase remains comfortably within the target range set by the Reserve Bank of ... [6439 chars]