Indian Inflation Falls to 3.66% in August

India’s inflation rate fell slightly to 3.66% in August, official figures have shown.

July’s rate for consumer prices was revised down to 3.69%, from a first estimate of 3.78%.
The drop is partly due to a stabilisation in food prices following better weather.

Lower inflation has led to calls for India’s central bank, the Reserve Bank of India (RBI), to cut interest rates, which currently stand at 7.25%.

Such high rates are designed to curb inflation that has stood at about 5% for most of 2015.
With inflation now substantially lower, some businesses are calling for rates to be cut.
Many analysts believe the RBI will listen to such calls.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza