RBI sees inflation firming up at 5.1% in March qtr
The Reserve Bank is expecting retail inflation to rise to 5.1 per cent in the last quarter of the ongoing fiscal due to rising crude oil prices and hike in salary components of government employees. The central bank has also projected inflation to be in the range of 5.1-5.6 per cent in the first half of 2018-19. Meanwhile, the RBI has kept the key repo rate, at which it lends to banks, unchanged at 6 per cent. “Domestic pump prices of petrol and diesel rose sharply in January, reflecting lagged…
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