Steps taken by RBI and govt to cut duration of high inflation: Finmin report
2 years, 7 months ago

Steps taken by RBI and govt to cut duration of high inflation: Finmin report

India TV News  

Highlights Finance ministry stated that measures taken by the RBI and government will squeeze the duration of Retail inflation has been trending above upper tolerance level of 6% for the past three months RBI in an off-cycle announcement earlier this month hiked the key repo rate The finance ministry on Thursday said measures taken by the RBI and government will squeeze the duration of high inflation fuelled by global factors. Retail inflation has been trending above Reserve Bank's upper tolerance level of 6 per cent for the past three months. RBI in an off-cycle announcement earlier this month hiked the key repo rate -- at which it lends short term money to banks -- by 0.40 per cent to 4.40 per cent to tame inflation. CPI -based inflation during FY22 averaged 5.5 per cent, 50 basis points below the upper limit of the RBI monetary policy committee's inflation band, and lower than 6.2 per cent for FY21.

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History of this topic

RBI MPC may delay rate cut to April 2025 amid US Fed’s hawkish stance: Will this impact growth?
3 days, 16 hours ago

RBI MPC may delay rate cut to April 2025 amid US Fed’s hawkish stance: Will this impact growth?

Live Mint  

The Reserve Bank of India may delay the beginning of its rate cut cycle to April 2025 due to the US Federal Reserve's move towards a more hawkish monetary policy approach. “Given INR weakness and developing volatility in financial markets, we see the start of the rate cut cycle to shift to April 2025,” ANI reported, citing Yes Bank. It …

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
5 days, 3 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil
1 week, 1 day ago

RBI May Begin Shallow Rate Cut Cycle From Feb Amid Global Turmoil

Deccan Chronicle  

Mumbai: While calls for rate cuts are growing louder with inflation decelerating in November amid concerns over slowing economic growth, economists see a small window of conventional rate cuts next year as global dynamics turn more fluid. Most expect the central bank to begin a shallow rate-cut cycle in its February 2025 policy meeting with a 25 basis points rate …

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 …

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 …

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 — …

​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 monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest
Trending News
2 weeks, 3 days ago

RBI monetary policy decision: Is an RBI rate cut coming after Union Budget 2025? What experts suggest

Live Mint  

RBI Monetary Policy: The Reserve Bank of India's Monetary Policy Committee on December 6 announced that it would maintain the repo rate at 6.5 per cent for the eleventh consecutive time, in line with market expectations. RBI cut its GDP growth forecast for FY25 to 6.6 per cent and raised its inflation projection for FY25 to 4.8 per cent. Sujan …

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 3 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier
2 weeks, 3 days ago

RBI Monetary Policy: MPC projects FY25 GDP growth at 6.6%; cuts estimates from 7.2% earlier

Live Mint  

RBI Monetary Policy: Reserve Bank of India Governor Shaktikanta Das while announcing a status quo on the repo rate and policy stance on Friday, December 6, expects the FY25 GDP Growth to be at 6.6% The RBI Governor after the Monetary Policy Committee meeting, while pegged GDP growth rate to be at 6.6% for FY25, it expects ongoing quarter i.e …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 4 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us
Trending News
2 weeks, 4 days ago

RBI governor refuses to pay heed to Finance Minister, says GDP shocker is behind us

New Indian Express  

The RBI on Friday refused to change its mind about interest rates despite economic growth hard landing in Q2, FY25. In fact, in his very opening remarks, Governor Shaktikanta Das sort of vowed to protect peace with blood reminding about the central bank's price stability mandate and its commitment to the flexible inflation target comes before everything else. The six-member …

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 cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

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 Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
2 weeks, 4 days ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

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, 6 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 …

RBI MPC to start today: Will there be a rate cut? 3 things to know
Trending News
2 weeks, 6 days ago

RBI MPC to start today: Will there be a rate cut? 3 things to know

India Today  

The Reserve Bank of India’s Monetary Policy Committee begins its three-day meeting today. The Reserve Bank of India has kept the repo rate steady at 6.5% for the last nine policy meetings, and it appears likely to maintain this position in the upcoming MPC announcement as well. The RBI may opt for easing liquidity by announcing a 50-basis-point CRR cut, …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
2 weeks, 6 days ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

Will RBI cut key interest rates on December 6? 3 things to know
3 weeks, 1 day ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
3 weeks, 2 days ago

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

Live Mint  

New Delhi, November 30 : The Reserve Bank of India is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. It said "We anticipate that the RBI will maintain the current policy rate at its meeting next week, although the likelihood of a rate cut in …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25
1 month ago

India’s GDP growth estimated to decelerate to 6.3% in 2025, says Goldman Sachs; sees shallow RBI rate cut from Q1CY25

Live Mint  

India’s economic growth is expected to decelerate in 2025, said Goldman Sachs even as it believes that the economy will likely be insulated from global shocks emanating out of a potential trade war between US and China. Though India’s strong long-term structural growth story remains intact, we forecast GDP growth to decelerate to 6.3% YoY in CY25, on continued fiscal …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds
1 month, 1 week ago

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

Live Mint  

The Reserve Bank of India should cut the key benchmark interest rates to boost economic growth and look through the food prices while deciding on monetary policy, Union Minister of Commerce and Industry Piyush Goyal said. Growth needs a further impetus,” Piyush Goyal told the news portal, also stating that it's an “absolutely flawed theory” to consider food inflation while …

India trade minister says central bank should cut rates, look through food prices
1 month, 1 week ago

India trade minister says central bank should cut rates, look through food prices

Live Mint  

MUMBAI, Nov 14 - India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts
1 month, 1 week ago

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts

Live Mint  

India's retail inflation surged to a 14-month high in October, exceeding the Reserve Bank of India’s upper tolerance limit, dampening expectations of an imminent policy rate cut. Analysts suggest that while October's CPI inflation data was largely anticipated by the Indian stock market, the more pressing concern lies in subdued corporate earnings. While inflation is projected to ease in December, …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Why October inflation numbers may delay RBI interest rate cut
1 month, 1 week ago

Why October inflation numbers may delay RBI interest rate cut

India Today  

India’s consumer price inflation rose to a 14-month high of 6.2 per cent in October, breaching the Reserve Bank of India’s target range of 2-6 per cent, driven by high food inflation. Food and beverages inflation stood at 9.7 per cent in October, in which the inflation on vegetables alone was over 42.2 per cent, a 57-month high. “With mixed …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 1 week ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

Why hasn’t RBI cut policy rates despite its lack of control over food inflation?
1 month, 2 weeks ago

Why hasn’t RBI cut policy rates despite its lack of control over food inflation?

Live Mint  

With a 8% fall in stock prices from their peak on 26 September, those who make money from the business of selling stocks seem to be getting jittery. Once RBI cuts the repo rate, the hope is that banks will cut the interest rates at which they lend, people and businesses will borrow more and spend more, and this in …

Why Fed rate cut isn’t the only factor shaping RBI meet
2 months, 2 weeks ago

Why Fed rate cut isn’t the only factor shaping RBI meet

Live Mint  

The US Federal Reserve’s 50-basis-point rate cut was a cue to action for central banks around the world. Read this | RBI may change policy stance, tweak growth forecast: Mint Poll As the Reserve Bank of India’s monetary policy committee convenes this week, it faces a key decision—whether to reduce the repo rate or wait for inflation, particularly food inflation, …

'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,” …

‘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, …

Why the Reserve Bank of Australia should hold off on interest rate hikes in August
4 months, 3 weeks ago

Why the Reserve Bank of Australia should hold off on interest rate hikes in August

ABC  

There's a curious thing about openness, communication and transparency. Because, despite recently showing a real reluctance to want to push interest rates even higher, she and her Reserve Bank of Australia colleagues have for the past two years made it abundantly clear that they were committed to hammering inflation into submission. Money markets right now have just a one-in-five chance …

Core inflation at four-year low in FY24: Economic Survey
5 months ago

Core inflation at four-year low in FY24: Economic Survey

Hindustan Times  

The government’s prudent monetary policy response and calibrated trade policy measures, coupled with strong output growth helped reduce core inflation to a four-year low in FY24, according to the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. The survey, which was presented a day before the first Union Budget of the third Narendra Modi-led central …

Retail inflation rises to 5.08 per cent in June, says govt data
5 months, 1 week ago

Retail inflation rises to 5.08 per cent in June, says govt data

Hindustan Times  

Retail inflation climbed to 5.08 per cent in June due to higher prices of kitchen items, according to government data released on Friday. Retail inflation has increased to 5.08 per cent in June due to kitchen items becoming dearer The Consumer Price Index based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023. …

Fed’s Powell Testifies as Inflation, Hiring Cool
5 months, 2 weeks ago

Fed’s Powell Testifies as Inflation, Hiring Cool

Live Mint  

-- Jerome Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment. Asia China may get some mildly positive news on prices, with data Wednesday expected to show consumer inflation ticked higher in June and factory-gate …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

India’s retail inflation eases to 12-month low of 4.75 per cent in May
6 months, 1 week ago

India’s retail inflation eases to 12-month low of 4.75 per cent in May

India TV News  

Retail inflation: Retail inflation eased to a 12-month low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023. Inflation in the food basket was 8.69 per cent …

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%
6 months, 2 weeks ago

RBI Monetary Policy: Raises FY25 real GDP growth forecast to 7.2% from 7%

Live Mint  

The Reserve Bank of India, in its June monetary policy, has raised its real GDP growth forecast for the current financial year 2024–25 to 7.2 percent from 7 percent earlier. {{^adFree}} {{/adFree}} In line with market expectations, the RBI maintained its status quo on the benchmark interest rate at 6.5 percent during its second bi-monthly policy announcement for the financial …

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%
6 months, 2 weeks ago

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%

Live Mint  

RBI MPC Announcement: The Reserve Bank of India maintained its 4.5% inflation projection for 2024–2025 with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6% and Q4 at 4.5%. {{^adFree}} {{/adFree}} Das stated that CPI headline inflation softened further in March and April, but that persistent food inflation pressures outweighed the benefits from code disinflation and fuel deflation. With growth …

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