India's Inflation Hits 3.21% in February

India's inflation rate climbs to 3.21% in February, marking a notable uptick from January's 2.75% under the new CPI series with 2024 base year. The Reserve Bank of India tracks this against its 4% target, where figures remain within the 2-6% tolerance band, influencing decisions on repo rate cuts. Food inflation holds at moderate levels around 2.13%, while core inflation excluding food and fuel stands near 3.4%, reflecting stable underlying pressures. Read more about this...