Fuel price cut to help RBI restrain inflation

Given the bigger reduction in diesel prices, the greater impact will be on logistics costs, reducing the pace of increase in the cost of consumed goods and potentially trimming inflation by around 15-20 basis points, according to Kotak Mahindra Bank. One basis point is 0.01%.

from Markets-Economic Times https://ift.tt/3wmIOcV
via IFTTT https://ift.tt/3BO3Ceo