4.3%, and the 4% Line: June CPI Lands Today as a Test of Nerve, Not Direction

Blitz India Business Lead with the number the desk is watching after the close today: ~4.3%. That is where economists put June retail inflation, up from 3.93% in May — a reading that would edge just above the Reserve Bank of India’s 4% target for the first time in roughly sixteen months. The move is…