31 Mar 2017

IDA RATE REDUCED FURTHER

The All India Consumer Price Indices for last 6 months are as:
2016 September:277
2016 Octo0ber : 278
2016 November: 277 ==== Average for the 3 months : 277.33
………………………………………………………..
2016 December: 275
2017 January: 274
2017 February: 274 ===== Average for the 3 months:274.33

IDA for January- March 2017 = 119.5%

IDA for April-June 2017 = 117.2%

There is a further reduction of 2.3% !!!!