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Retail inflation data on Friday in India may have disappointed a little, but in the meantime the Reserve Bank of India (RBI) has reduced concern. RBI said that by September 5, India’s foreign exchange reserves have increased by $ 4.03 billion to $ 698.26 billion. Earlier, it was $ 694.23 billion till the week ended August 29. On the other hand, the government data revealed was told that retail inflation in August has increased to 2.07 percent as compared to July, which was 1.61 percent in July. These figures have come at a time when India is facing a huge 50 percent tariffs installed by the American.
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