Retail inflation moderates to three-month low of 6.93% in November

Remains above RBI tolerance limit

India's retail inflation eased to a three-month low in November on the back of stable vegetable prices, even as it remained above the central bank's upper tolerance limit of 6 per cent for the eighth straight month, the official data showed on Monday.

Inflation based on the Consumer Price Index (CPI) moderated to 6.93 per cent in November from 7.61 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation. However, economists ruled out any possibility of a policy rate reduction in the near term.

Food inflation declined to 9.43 per cent compared