New Delhi, Aug. 16 -- From India's retail inflation hitting an eight-year low in July, plans to divest stakes in public sector banks, the revision in minimum monthly balance requirement by ICICI Bank, to Perplexity's bid to purchase Chrome, here are this week's news in numbers.
India's retail inflation fell to 1.55% in July, the lowest in eight years, from 2.10% the previous month. The decline was driven mainly by falling food prices, with food recording a deflation of 1.76%. With this, inflation has come in below the lower bound of the Reserve Bank of India's 2-6% target range for the first time since June 2017. While generally such low print would raise fears of weak demand, economists expect an uptick from August itself. And as per RB...
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