RBI must revise its inflation target range -- upwards
2 years, 5 months ago

RBI must revise its inflation target range -- upwards

Live Mint  

Last year, the finance ministry and Reserve Bank of India agreed to maintain our inflation target at 4%, with a 2% variation on either side as the tolerance limit, from 1 April 2021 to 31 March 2026. Unless RBI recalibrates the model with new data or rethinks the methodology, it is possible that the current inflation target rate “imparts a deflationary bias to monetary policy because it will go into overkill relative to what the economy can intrinsically bear in order to achieve the target," the paper states. Moreover, Keynes in his inflationary gap analysis proposed that crisis-driven public capital expenditure usually means front-loaded capex, which in turn causes aggregate expenditure to outstrip aggregate output, causing an inflation gap. The analysis portends that the Indian economy is now in the second phase under the Friedman principal and inflation will continue to outstrip expectations until: 1) government borrowings and hence capex is curtailed; 2) Interest rates are increased with impunity ; and 3) Taxes are increased to reduce incremental resources available with the public. Nevertheless, RBI must prepare for a considerably long haul of high inflation and therefore raise its inflation target range for the time being.

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History of this topic

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 1 day ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

Why RBI is central to the country’s economy
1 week, 2 days ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
1 week, 4 days ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s …

DC Edit | FM, new RBI chief signal cut
1 week, 4 days ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

New RBI guv must keep macro picture in sight
1 week, 6 days ago

New RBI guv must keep macro picture in sight

Hindustan Times  

The Reserve Bank of India is one of India’s most illustrious institutions. In 2016, the Centre added another mandate to RBI’s responsibilities, controlling inflation in the economy. India's Press Information Bureau/Handout via REUTERS The change of guard in Mint Street, with Sanjay Malhotra replacing incumbent Shaktikanta Das, comes at a point where the central bank has been steadfastly holding interest …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 5 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

Ajit Ranade: Inflation control holds primacy as an objective for RBI
4 weeks ago

Ajit Ranade: Inflation control holds primacy as an objective for RBI

Live Mint  

Not too long ago, a governor of the Reserve Bank of India said that his main job was to protect the value of your money. In this policy framework, called flexible inflation targeting, RBI had a mandate and a numerical target of an inflation band given by the government. And should not the numerical target of inflation exclude food and …

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation
1 month ago

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation

Live Mint  

New Delhi: The government has proposed including e-commerce data to prepare a new base year to measure retail inflation, as part of a broader initiative to better reflect contemporary consumer spending patterns. The proposed revisions to the Consumer Price Index include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities, …

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 1 week ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation
3 months, 1 week ago

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation

News 18  

Inflation in India has moderated but still, there is a distance to cover, Reserve Bank Governor Shaktikanta Das said on Friday. “Inflation has moderated from its peak of 7.8% in April 2022 into the tolerance band of +/- 2% around the target of 4%, but we still have a distance to cover and cannot afford to look the other way,” …

Inflation control: India doing better than advanced economies like US and Germany, says SBI report
3 months, 1 week ago

Inflation control: India doing better than advanced economies like US and Germany, says SBI report

Live Mint  

India has shown a largely successful inflation-targeting regime compared to advanced economies like the United States and Germany, reported ANI, quoting a State Bank of India research report. “India had a largely successful inflation targeting regime, compared to advanced economies like the USA and Germany,” as per the report. The SBI report cited government initiatives, Reserve Bank of India measures, …

Avoid haste on shift to core CPI
3 months, 3 weeks ago

Avoid haste on shift to core CPI

Hindustan Times  

Should India’s inflation targeting framework target the headline Consumer Price Index or just its core, namely, the non-food non-fuel part? REUTERS/Francis Mascarenhas/File Photo Inflation targeting, at a theoretical level, is supposed to use interest rates to maintain a healthy balance between inflation and growth. Because inflation targeting is a forward-looking exercise — higher interest rates today are expected to contain …

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’
4 months ago

‘Abandoning RBI’s inflation target regime could be risky, counterproductive’

The Hindu  

The Reserve Bank of India's inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to …

RBI maintains calm against global noise
4 months, 2 weeks ago

RBI maintains calm against global noise

Live Mint  

The Reserve Bank of India’s bi-monthly monetary policy orchestrated on 8th August 2024 ensured that the “elephant” was deep in the forest before changing the policy. The RBI’s Monetary Policy Committee voted with 4:2 to keep the policy repo rate and stance unchanged at 6.50% and “withdrawal of accommodation” respectively. Like last policy, the two of the external MPC members, …

DC Edit | Cautious RBI targets inflation
8 months, 2 weeks ago

DC Edit | Cautious RBI targets inflation

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee has once again kept the policy repo rate unchanged at 6.5 per cent. Retail inflation hovered around 5.1 per cent during January and February 2024, which is a marginal decline from 5.7 per cent in December 2023. Food inflation — which is the most important focus area for the world’s populous country …

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
8 months, 2 weeks ago

RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%

The Hindu  

April 05, 2024 10:08 am | Updated 12:45 pm IST The Monetary Policy Committee on April 5 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50%. The risks are evenly balanced.” On inflation the Governor said “Two years ago, around this time, when CPI inflation had peaked at 7.8% in April 2022, the elephant …

RBI pegs FY25 growth at 7%, inflation at 4.5%
10 months, 2 weeks ago

RBI pegs FY25 growth at 7%, inflation at 4.5%

Hindustan Times  

The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the sixth time in a row, citing global uncertainty and the need to bring down retail inflation to 4 %, and said that it expects GDP growth in the next financial year to be at 7%. “Monetary policy must continue to be actively disinflationary to …

Inflation moderating, moving towards 4 per cent target: RBI Governor Shaktikanta Das
11 months, 1 week ago

Inflation moderating, moving towards 4 per cent target: RBI Governor Shaktikanta Das

India TV News  

Reserve Bank of India Chief Shaktikanta Das said that inflation in India is moderating and steadily approaching the central bank's target of 4 per cent, while growth prospects for the country remain robust. Speaking at the World Economic Forum annual meeting in Davos, Das mentioned that inflation is within the range of 2 per cent to 6 per cent, with …

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman
1 year ago

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman

The Hindu  

December 11, 2023 02:14 pm | Updated 04:17 pm IST - NEW DELHI The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. The core inflation has …

RBI retains policy rate, ups growth projection
1 year ago

RBI retains policy rate, ups growth projection

Hindustan Times  

The Reserve Bank of India’s last monetary policy of the calendar struck a happy note by increasing its growth forecast to 7% even as it signalled that it is completely in control of the inflation side of the growth-inflation balance it is expected to manage. “The summer of 2022 is behind us,” Reserve Bank of India governor Shaktikanta Das said …

RBI’s MPC may rejig growth, inflation math
1 year ago

RBI’s MPC may rejig growth, inflation math

The Hindu  

Reserve Bank of India Governor Shaktikanta Das, who will outline the Monetary Policy Committee’s decisions on Friday, is expected to convey a continuation of the central bank’s hawkish stance with a pause on interest rates, but may reset growth and inflation projections for 2023-24 in view of the second quarter growth numbers and food inflation worries. The RBI had forecast …

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das
1 year, 1 month ago

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on November 9 said economic growth in India is getting stronger foothold while inflation is also coming under control driven by the inherent dynamism and a prudent policy mix. Driven by its inherent dynamism and supported by a prudent policy mix, growth is getting stronger foothold while inflation is also coming under control," the governor …

Tightrope walk: The Hindu Editorial on RBI holding rates
1 year, 2 months ago

Tightrope walk: The Hindu Editorial on RBI holding rates

The Hindu  

The decision of the RBI’s Monetary Policy Committee to leave interest rates unchanged even as the central bank warned of the major risk that ‘high inflation’ poses to macroeconomic stability is a clear sign that monetary authorities find themselves caught in a cleft stick. After a relatively benign first quarter, when headline retail inflation averaged 4.63% as against the RBI’s …

Modi Government Bats on Front Foot to Combat Rising Inflation in India - News18
1 year, 4 months ago

Modi Government Bats on Front Foot to Combat Rising Inflation in India - News18

News 18  

Inflation is a global concern and quite a big one at that. The figures breached the upper end of the RBI’s inflation band of 2 to 6 per cent for the first time in five months. RBI NOT JUMPING THE GUN YET Around the world, the Central banks of various countries were rather immediate in rolling out interest rate hikes …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 4 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

RBI revises inflation outlook for 2023-24: CPI forecast now 5.4%
1 year, 4 months ago

RBI revises inflation outlook for 2023-24: CPI forecast now 5.4%

Live Mint  

The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent. “Assuming a normal monsoon, retail inflation is revised to 5.4 per cent, with Q2 at 6.2 per cent, Q3 at 5.7 per cent and Q4 at 5.2 per cent. Retail inflation for Q1 2024-25 is projected at 5.2 per cent,” RBI …

Path to inclusive growth must be paved by price stability: RBI officials
1 year, 6 months ago

Path to inclusive growth must be paved by price stability: RBI officials

The Hindu  

Taming inflation and anchoring inflation expectations is key to helping revive consumer spending and private capital expenditure and thereby supporting growth, RBI officials wrote in an article in the monthly bulletin released on Friday. This, in turn, is moderating corporate sales and holding back private investment in capacity creation.,” the officials including Deputy Governor Michael Debabrata Patra wrote in ‘State …

RBI holds rates, vows to keep price stability
1 year, 6 months ago

RBI holds rates, vows to keep price stability

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, on June 8 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50% The standing deposit facility rate remains unchanged at 6.25% and the marginal standing facility rate and the Bank Rate …

RBI MPC: Keeping 'Arjuna's Eye' On Inflation, Expected To Be Above Target In 2023
1 year, 6 months ago

RBI MPC: Keeping 'Arjuna's Eye' On Inflation, Expected To Be Above Target In 2023

News 18  

RBI MPC June 2023: Announcing the decisions of Monetary Policy Committee meeting, RBI Governor Shaktikanta Das on June 8 said headline inflation is above the target of 4% and expected to remain so during rest of the year. Meanwhile, according a Reuters poll of economists, consumer price inflation in India likely cooled to a 20-month low in May as food …

RBI holds rates but signals tight monetary policy ahead
1 year, 6 months ago

RBI holds rates but signals tight monetary policy ahead

Hindustan Times  

India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining …

Inflation has moderated, but no room for complacency: RBI chief Shaktikanta Das
1 year, 7 months ago

Inflation has moderated, but no room for complacency: RBI chief Shaktikanta Das

India Today  

India's inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday. "The war on inflation is not over; we have to remain alert," Shaktikanta Das said at an event in New Delhi. This month's retail inflation data, scheduled to …

'GDP growth rate for 2023 to be 7% or more': RBI Governor Shaktikanta Das on inflation
1 year, 7 months ago

'GDP growth rate for 2023 to be 7% or more': RBI Governor Shaktikanta Das on inflation

India TV News  

The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties. Das stated that the retail inflation data for this month, which is scheduled to be released on June 12, "could possibly be lower." Das added that …

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report
1 year, 7 months ago

Inflation Momentum Softer Than Anticipated: RBI's State Of The Economy Report

ABP News  

The Reserve Bank of India’s State of the Economy report on Monday said that consumer price index-based inflation, which dropped below 5 per cent in April, for the first time since November 2021, demonstrated the central bank’s monetary policy decision. “The CPI inflation print for April 2023 indicates that momentum is turning out to be softer than anticipated on account …

Inflation is dipping, but RBI may not slash rates
1 year, 7 months ago

Inflation is dipping, but RBI may not slash rates

Hindustan Times  

The latest retail inflation print showed the consumer price index slowing to 4.7% year-on-year in April, well within the Reserve Bank of India ’s target band of 2%-6%. While the near-term trajectory of inflation is downward, the medium-term path is unclear as the risk of a disruptive El Niño could put pressure on food prices towards the end of 2023. …

Inflation Under RBI Limit: What MPC Expects To Do In June Monetary Policy?
1 year, 7 months ago

Inflation Under RBI Limit: What MPC Expects To Do In June Monetary Policy?

News 18  

India’s CPI inflation in April has come near the RBI’s 4 per cent target and is well within the central bank’s upper tolerance limit of 6 per cent for the second consecutive month. Suvodeep Rakshit, senior economist of, Kotak Institutional Equities, said, “We continue to pencil in the repo rate to remain unchanged for an extended period, subject to global …

Retail inflation in India comes down by 1% in a month
1 year, 7 months ago

Retail inflation in India comes down by 1% in a month

Op India  

Retail inflation in India eased further in April to 4.7 per cent as against 5.7 per cent the previous month. India’s headline consumer price index-based inflation has gradually declined from its peak of 7.8 per cent in April 2022 to below 6 per cent now, which is below RBI’s upper tolerance band. India’s retail inflation was above RBI’s 6 per …

CPI falls below RBI’s upper tolerance limit again in April
1 year, 7 months ago

CPI falls below RBI’s upper tolerance limit again in April

Live Mint  

India's consumer price index inflation eases sharply to 4.7% in April 2023, coming under the RBI's upper tolerance limit of 6%. Inflation has been above RBI's upper tolerance limit of 6% since January 2022 which also pushed RBI to adopt an aggressive rate hike cycle from May 2022 to February 2023 policies. The latest CPI print for April at 4.7% …

Optical relief: On headline inflation
1 year, 8 months ago

Optical relief: On headline inflation

The Hindu  

The pace of price rise faced by Indian consumers eased below the central bank’s upper tolerance threshold of 6% in March. Including last November and December, March marks only the third occasion in 15 months when inflation was within the Reserve Bank of India’s mandated tolerance range of 2% to 6%. In the April to June quarter, the RBI expects …

Inflation eases below tolerance band of 6%
1 year, 8 months ago

Inflation eases below tolerance band of 6%

Hindustan Times  

Retail inflation as measured by the Consumer Price Index eased to 5.66%, the lowest in 15 months, on the back of a cooling in food and fuel prices, although the continued spiral in prices of cereals and milk should worry policy makers. Representational image Headline inflation has once again come within the Reserve Bank of India’s tolerance band of 2-6% …

Retail inflation eases to 5.66% in March, back within RBI's comfort zone after 2 months
1 year, 8 months ago

Retail inflation eases to 5.66% in March, back within RBI's comfort zone after 2 months

India Today  

India’s retail inflation in March is back within the Reserve Bank of India’s comfort zone in March after staying above 6 per cent for the first two months of 2023. It may be noted that retail inflation stood at 6.44 per cent in February 2023 and 6.52 per cent in January, after falling to a 12-month low of 5.72 per …

Pause and effect: On the temporary pause to inflation-battling monetary tightening
1 year, 8 months ago

Pause and effect: On the temporary pause to inflation-battling monetary tightening

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee has unanimously and wisely decided to apply a temporary pause to its inflation-battling monetary tightening by keeping the repo rate unchanged. Notwithstanding his assertions that India’s ‘banking and non-banking financial service sectors remain healthy and economic activity remains resilient’, it is the spectre of rising credit costs posing risks to both consumption …

Inflation may force RBI to hike rate once again
1 year, 8 months ago

Inflation may force RBI to hike rate once again

Deccan Chronicle  

Mumbai: It will be a catch-22 situation for India’s rate setting panel when it meets for three days — beginning on Monday — to decide on the benchmark interest rates in the country. According to economists, the six-member Monetary Policy Committee of the Reserve Bank of India may hike the repo rate by 25 basis points on Thursday and then …

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