.............The RBI targets an inflation rate of 5 per cent based on the Wholesale Price Index (WPI). If the RBI consistently achieves its target, the purchasing power of the rupee will halve in 14-15 years. That is, you will need Rs 200 in 2026 to buy the same goods and services that Rs 100 can buy today. In practice, the RBI has never achieved its targets consistently. Inflation has run at 7-8 per cent through the 21st century. Hence, the value of the rupee tends to halve roughly every 9-10 years. Let’s assume that this rate of 7-8 per cent will remain the long-term trend............
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