In a sarcastic comment over soaring prices of pulses and other kitchen staples, the Shiv Sena on Friday advised Maharashtra Chief Minister Devendra Fadnavis to listen to his wife and bring the rates under control.
Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.
Rising prices for some food and firm demand during the festival season pushed up India's retail inflation in October for the third straight month to 5 percent, making it less likely the central bank will cut interest rates at its policy review next month.
Production of pulses slipped down by 12% in 2014-15 compared to the previous year. As a result, prices of this essential item have zoomed up by more than 100% across the country. Watch the analysis of how dal prices have doubled in this segment of DNA.