Indian inflation 'unacceptably and uncomfortably' high

The Indian economy is one of the few bright spots in an otherwise dim global picture, with growth differential flags flying at full mast

One reason for this surprising statistic may be attributed to Reserve Bank Of India's (RBI) recent decision on interest rates 

which has helped fuel investment and consumption among citizens alike

July's retail inflation rate dipped to 6.71%, easing for the third month in a row

remaining above central bank mandated targets with a slows increase food/fuel prices

but still remains at high levels that are unprecedented among other countries worldwide

"In order to maintain macroeconomic stability and ensure high growth over the medium term, we must remain ever-vigilant

We will continue our calibrated actions that are meant both for inflationary concerns as well economic activity."

At its meeting from 3 to 5 August, the MPC had decided to increase the benchmark lending rate by 50 basis points to 5.40%