Inflation, Interest rates and GDP is the holy trinity of economic indicators.
Inflation in the food articles basket was 6.99% as compared to 1.74% during the same month last year.
An increase of even 1% in inflation would imply that monthly expenses would easily cross Rs 1 lakh.
Rupee to strengthen against US Dollar on account of positive growth momentum, RBI’s hawkish stance and steady CAD
The gains will be taxed under the long-term capital head and will also be eligible for indexation benefit