A tougher monetary policy pursued by the central bank appears to be working India's consumer-price index for October rose 6.77% from the same month a year ago, compared with 7.4% in September, according to data released by the Ministry of Statistics & Programme Implementation on Monday. The positive results aren’t enough to force the Reserve bank of India (RBI) to consider pausing interest-rate increases just yet, as the figure has still remained above the regulator’s tolerance band of 2-6% for the tenth month in row. Headline inflation grew by 0.80% from 0.57% in the previous month. Inflation in the food basket
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