#retail-inflation
Inflation breaks the 6% ceiling as onion prices double
Retail inflation rose to 6.09% in October from 5.54% in September, breaching the RBI's upper tolerance limit for the first time in the new series. Food inflation hit 8.94% and onion prices rose 116.22%, putting the December MPC meeting in focus.
Banks carry the market to a third straight gain, and inflation spoils the party
The Sensex ended at 81,911.01 and the Nifty at 25,299.35 as foreign money flowed into financials, lifting Bank Nifty 1.19% to 61,518.50. The same day, October retail inflation came in at 6.09%, above the RBI ceiling.