Retail inflation, which is based on the Consumer Price Index, eased slightly to 3.15% in July, government data showed on Tuesday. The inflation figure was 3.18% in June, an eight-month high. It had last shown a decline in January and had been rising gradually ever since. Retail inflation in rural areas declined from 2.21% in June to 2.19% in July. In urban areas, it declined from 4.33% to 4.22%. Consumer food price inflation stood at 2.36% in July compared to 2.25% in June.
The benchmark share indices fell sharply on Tuesday after poor data for passenger vehicle sales in July led to a decline in major automotive stocks. The BSE Sensex lost 623.75 points to close at 36,958.16, while the National Stock Exchange Nifty 50 declined 183.80 points to end the day at 10,925.85. The automotive sectoral index on the Nifty declined about 4%, its worst decline since 2016, reported Reuters.
The Indian Women’s Press Corps on Tuesday said it was “deeply concerned” over the continued communication blackout in Jammu and…
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Author: Scroll Staff