Retail inflation dips marginally to 9.86%

.....RBI Governor D. Subbarao said the headline inflation was “way above” the central bank’s threshold level. Typically, 5 per cent is considered as a threshold level of inflation in a high growth economy. RBI needs inflation to fall sharply if it plans to cut borrowing rates and stimulate growth in the economy. RBI will decide on any monetary action next on September 17............. 

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