...................Easing of inflation was not contributed solely by a base effect, as its sequential build up was also modest. So far, the retail inflation trajectory has been consistent with the path anticipated by Reserve Bank of India (RBI). Thanks to the RBI's sustained tightening, the real deposit rates have turned positive since January, 2014. The question is whether this comfort could be sustained, given the downside risks posed by a deficient monsoon and geopolitical risks in Ukraine and West Asia. So far, ...........
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