The annual rate of inflation based on the All-India Wholesale Price Index (WPI) is 15.18 per cent for the month of June, in a marginal drop from May when the figure stood at 15.88 per cent.
The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.
EXAMIANS