Relentless Equity Market rally has been halted byrising Inflation, Globally. Consumer PriceInflation, in India is at 7.79% for the month ofApril 2022. Inflation target set by the Governmentof India in consultation with the RBI is 4%, withthe upper and lower tolerance limit of 6% and 2%.This is notified for another 5 year period –1/4/2021 to 31/3/2026. If the range is breachedfor 3 subsequent quarters, RBI has to explain tothe government on its measures for controllinginflation. View more.