RBI policy: Urjit Patel and Co. are looking to keep inflation on a short leash; the show isn’t over as yet
6 years, 5 months ago

RBI policy: Urjit Patel and Co. are looking to keep inflation on a short leash; the show isn’t over as yet

Firstpost  

Going ahead, the inflation trajectory will hold the key for monetary policy formulation, as concerns on growth have clearly taken a backseat. The Reserve Bank of India’s undying penchant with an inflation-centred monetary policy became evident yet again, when the Monetary Policy Committee hiked the key lending rate, the repo, by another quarter percentage point on Wednesday. However, uncertainty around domestic inflation needs to be carefully monitored in the coming months,” said the policy statement. The RBI wants to keep inflation on a short leash and that would mean another hike in the repo rate by end of the year, may be by another quarter percentage point. However, uncertainty around domestic inflation needs to be carefully monitored in the coming months,” the policy statement said.

Growth Inflation Rate Fuel Prices Mpc Hike Policy Urjit  short  domestic  mpc  hike  growth  inflation  repo  patel  rbi  leash  looking  policy  urjit  isnt  rate  monetary  trajectory

History of this topic

BOJ Deputy Chief Says Will Raise Rate If Outlook Is Realized
1 day, 7 hours ago

BOJ Deputy Chief Says Will Raise Rate If Outlook Is Realized

Live Mint  

-- Bank of Japan Deputy Governor Ryozo Himino reiterated that the central bank will raise rates if its outlook continues to be realized, while adding that there are risks both at home and abroad that require attention. “If this outlook will continue to be realized, the Bank will raise the policy interest rate accordingly and adjust the degree of monetary …

Why RBI is central to the country’s economy
1 month 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 …

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February
1 month ago

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February

Live Mint  

India’s retail inflation in November aligned with market expectations and remained within the Reserve Bank of India’s tolerance band. Analysts anticipate that the RBI could initiate a shallow rate-cut cycle in its February 2025 policy meeting, provided inflation continues to decline. Hitesh Suvarna of JM Financial anticipates that the next step in RBI’s policy action will involve a rate cut, …

​Staying the course: On the RBI and inflation
Trending News
1 month, 1 week 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 cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
1 month, 1 week 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 to Announce Interest Rate Decision Amid High Inflation
1 month, 1 week ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
1 month, 1 week 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
1 month, 1 week 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 must restore balance between inflation, growth
1 month, 1 week 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 …

Monetary policy review: RBI should stick to its price stability mandate
1 month, 1 week 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 Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
1 month, 2 weeks 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 …

Inflation behaving more like a magician who tricks you again and again
1 month, 3 weeks 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 …

October inflation wipes off rate cut hopes in Dec policy
2 months 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 …

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

RBI maintains calm against global noise
5 months 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, …

Fed’s Powell Testifies as Inflation, Hiring Cool
6 months, 1 week 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 …

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
7 months, 1 week ago

RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the MPC’s meeting on Friday, marks the eighth time in a row that the policy rate has been put on hold to keep the focus on battling high inflation. “These decisions are in consonance with the …

RBI monetary policy: MPC keeps FY25 inflation forecast unchanged at 4.5%
7 months, 1 week 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 …

RBI MPC meet: Central Bank may keep repo rate steady. Major reasons why
7 months, 1 week ago

RBI MPC meet: Central Bank may keep repo rate steady. Major reasons why

Hindustan Times  

With volatile food prices, ongoing geopolitical tensions, and the Federal Reserve's extended pause on interest rates, experts believe the Reserve Bank of India will maintain its current policy rates and stance, according to a Mint report. As per experts, the central bank may keep the benchmark policy rates at the current level until October. The Fed’s influence Analysts say it …

Monetary policy: Things to watch out for in the coming months
7 months, 1 week ago

Monetary policy: Things to watch out for in the coming months

Live Mint  

In what is expected to be a status quo policy, the main takeaway from the Reserve Bank of India’s June policy will be any signals for the start of the rat-cut cycle. Growth remains steady which will continue helping the RBI to focus on the 4% inflation target. The RBI Monetary Policy Committee goes into the June meeting with global …

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts
7 months, 1 week ago

RBI MPC: Central Bank Unlikely To Cut Interest Rate On June 7 Amid Lok Sabha Election Results, Says Experts

ABP News  

RBI MPC: The Reserve Bank of India is unlikely to reduce the benchmark interest rate during its upcoming monetary policy review meeting as per the experts. Additionally, the Monetary Policy Committee may opt to maintain the current interest rate of 6.5 per cent due to the ongoing economic growth, which has been gaining momentum since February 2023. In addition, every …

DC Edit | Cautious RBI targets inflation
9 months, 1 week 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 …

‘Elephant has gone for a walk’: RBI governor Shaktikanta Das on inflation after MPC meet
9 months, 1 week ago

‘Elephant has gone for a walk’: RBI governor Shaktikanta Das on inflation after MPC meet

Hindustan Times  

The Reserve Bank of India on Friday retained the inflation projection at 4.5 per cent for the current financial year but governor Shaktikanta Das stressed the need to remain vigilant on food prices due to the forecast of higher temperatures between April and June. While the RBI governor cautioned about the impact of the reduction in fuel prices on inflation, …

RBI’s rate setting committee likely to maintain status quo on policy rates
9 months, 1 week ago

RBI’s rate setting committee likely to maintain status quo on policy rates

New Indian Express  

“I don’t see the earliest rate cut before the October meeting, unless growth posits a negative surprise in the intervening quarters, amid a shallow rate cut cycle limited to 50 bps at best,” Icra Ratings chief economist Aditi Nayar told this newspaper. Rating agency Care Edge expects the policy rates to be kept on hold on Friday and so is …

Need to be vigilant on inflation front: MPC minutes
10 months, 3 weeks ago

Need to be vigilant on inflation front: MPC minutes

New Indian Express  

NEW DELHI: A majority of members of the monetary policy committee of the Reserve Bank of India remained focused on risk of inflation in future and favoured status quo on rate cut. Five out of six members of the MPC voted to keep policy rates unchanged due to uncertainty in inflation over food prices, as per the Minutes of MPC. …

DC Edit | RBI is right to be cautious
11 months ago

DC Edit | RBI is right to be cautious

Deccan Chronicle  

A cautious Monetary Policy Committee has once again decided to keep the repo rate unchanged at 6.5 per cent in view of global uncertainty and moderately high inflation. With the projection of a decently high economic growth rate of seven per cent, RBI’s focus remains squarely on bringing down inflation to its target of four per cent. The rate cut …

RBI keeps repo rate unchanged at 6.5%
11 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%

Deccan Chronicle  

The Monetary Policy Committee of the Reserve Bank of India in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.The repo rate is the rate of interest at which RBI lends to other banks.Deliberating the policy statement on Friday morning after a three-day …

MPC minutes: Inflation outlook clouded by food prices, weather shocks, says RBI Guv
1 year ago

MPC minutes: Inflation outlook clouded by food prices, weather shocks, says RBI Guv

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das, in the December’s monetary policy meet, said that there is uncertain inflation outlook due to volatile food prices and weather shocks, according to minutes of the meeting released on Friday. During the monetary policy committee meeting held between December 6 to 8, all members — Shashanka Bhide, Ashima Goyal, Jayanth R. Varma, Rajiv …

RBI retains policy rate, ups growth projection
1 year, 1 month 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 Monetary Policy Meet underway: Key things to watch out for
1 year, 1 month ago

RBI Monetary Policy Meet underway: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 on Friday, December 8, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and growth in gross domestic product. The review by the six-member Monetary Policy Committee led by Das will …

RBI MPC Meet: Will the RBI hold interest rates but change its policy stance?
1 year, 1 month ago

RBI MPC Meet: Will the RBI hold interest rates but change its policy stance?

Live Mint  

The Reserve Bank of India's Monetary Policy Committee will begin its three-day huddle to decide on India's monetary policy on Wednesday, December 6, with the outcome due on December 8. The central bank is likely to keep policy rates unchanged keeping in mind the fact that retail inflation, despite moderation, is still above its 4 per cent target while the …

RBI’s December policy review: Status quo to continue
1 year, 1 month ago

RBI’s December policy review: Status quo to continue

Live Mint  

The Reserve Bank of India is likely to hold the key interest rates in its December monetary policy review and continue with its emphasis on containing inflation, which has shown encouraging trends the past two months. Given the likely status quo, the market will instead closely track the narrative from RBI’s monetary policy committee for direction on rates and liquidity …

RBI MPC Meet October 2023: Will This Pause Button Control Inflation?
1 year, 3 months ago

RBI MPC Meet October 2023: Will This Pause Button Control Inflation?

News 18  

RBI MPC Meet LIVE Updates: Balance Between Growth & Stability Sonam Srivastava, Founder and Fund Manager, Wright Research, PMS, said, “The unwavering focus on inflation and the emphasis on liquidity moderation signal a cautious yet proactive approach by the RBI, reflecting its intent to strike a balance between growth and stability.” Turning to the stock market, the immediate aftermath of …

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer
1 year, 3 months ago

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer

News 18  

The inflation genie is not back in the bottle yet, with sub-optimal Kharif sowing in pulses and oilseeds expected to lead to an increase in dal and cooking oil prices going forward. Such weighty inflation considerations could have pushed the Reserve Bank of India to raise lending rates in its bi-monthly monetary policy review, which concluded on Friday morning. Anuj …

RBI Monetary Policy Today: Here’s what D-Street expects amid global headwinds
1 year, 3 months ago

RBI Monetary Policy Today: Here’s what D-Street expects amid global headwinds

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil its fourth monetary policy decision of fiscal 2023-24 today after a two-day review that began earlier this week. Majority of economists estimate that the RBI would keep its key repo rate unchanged at 6.50 per cent at the conclusion of the MPC meeting, with only a few expecting a 25 basis …

RBI Policy meet: Key things to watch out for
1 year, 3 months ago

RBI Policy meet: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fourth monetary policy of the financial year 2023-24 on Friday, October 6, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and the growth in gross domestic product. Economists expect RBI to hold rates steady According to majority of …

RBI monetary policy review meeting commences, another pause in repo rate likely
1 year, 3 months ago

RBI monetary policy review meeting commences, another pause in repo rate likely

Deccan Chronicle  

Mumbai: The three-day bi-monthly monetary policy committee meeting of the RBI started on Wednesday with financial market participants set to closely monitor the outcome and the policy stance of the central bank. "Domestically, we believe at 6.50 per cent, we are in for a prolonged pause as seasonality of inflation is tapering first.," SBI Research report, authored by Soumya Kanti …

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance
1 year, 3 months ago

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance

India Today  

The Reserve Bank of India's Monetary Policy Committee is expected to maintain key interest rates in its upcoming decision but maintain focus on inflation amid rising global crude oil prices and sustained economic growth. In a survey of 71 economists conducted by news agency Reuters in late September, all but one anticipated that the RBI would keep its key repo …

RBI maintains pause for third time in a row, keeps repo rate unchanged at 6.5%
1 year, 5 months ago

RBI maintains pause for third time in a row, keeps repo rate unchanged at 6.5%

Firstpost  

Reserve Bank of India Governor Shaktikanta Das on Thursday said that Monetary Policy Committee has unanimously decided to keep the repo rate unchanged at 6.5 per cent Reserve Bank of India Governor Shaktikanta Das on Thursday said that Monetary Policy Committee has unanimously decided to keep the repo rate unchanged at 6.5 per cent. #WATCH | RBI Governor Shaktikanta Das …

RBI revises inflation outlook for 2023-24: CPI forecast now 5.4%
1 year, 5 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 …

RBI may continue to hold rate amid concern over inflation: Experts
1 year, 5 months ago

RBI may continue to hold rate amid concern over inflation: Experts

India TV News  

The Reserve Bank of India is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist, said experts. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping …

Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor
1 year, 6 months ago

Monetary Policy Committee: 'Fight against inflation not over, job only half done,' says RBI Governor

India TV News  

Shaktikanta Das, governor of the Reserve Bank of India, stated on Thursday that restoring India's inflation levels to a manageable range is like finishing a job that is half done. Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the minutes of which were published on Thursday. …

RBI holds rates, vows to keep price stability
1 year, 7 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, 7 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, 7 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 …

RBI MPC June 2023: Rate Hike Pause, El Nino And Inflation; What Industry Expects?
1 year, 7 months ago

RBI MPC June 2023: Rate Hike Pause, El Nino And Inflation; What Industry Expects?

News 18  

RBI MPC June 2023: The Reserve Bank’s rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5% on the back of easing retail inflation and the need to push economic growth. Parag Sharma, whole-time director and chief financial officer, Shriram Finance, said, “With the customer inflation level …

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report
1 year, 7 months ago

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report

News 18  

The Reserve Bank of India will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists found. Despite hitting an 18-month low of 4.70% in April, inflation was not expected to …

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics
1 year, 7 months ago

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics

News 18  

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner. It further said inflation has already begun easing, and consumer inflation expectations are falling, …

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 …

CPI falls below RBI’s upper tolerance limit again in April
1 year, 8 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% …

Discover Related