RBI raises inflation forecast between 5.1% and 5.6% on rising crude oil price, house rent allowance

Rallying crude oil price, which is now hovering over $66 per barrel is one of the major inflation-related concerns. According to the Economic Survey Report 2018, every $10 per barrel hike in crude oil prices push inflation up by 1.7 percentage points. Amid the fiscal slippage, experts say government …

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