RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again
The six-member monetary policy committee (MPC) vote was unanimous, RBI said in a release.
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RBI revises inflation projection upwards in view of rising food prices
Following the slide in economic growth to 4.5 per cent the last quarte...
RBI rate review: Growth concerns likely to outweigh rise in inflation
The MPC had modestly revised its CPI inflation forecast for Q2 of FY2020 to 3.4 per cent.
Retail inflation spikes to 16-month high of 4.62% in October
India's Retail inflation for the month of October breached the Reserve Bank of India's (RBI) medium-term target of 4% for the first time sin...
RBI keeps repo rate unchanged at 5.15%, stance remains accommodative
The central bank slashed FY20 real GDP growth projection to 5% from 6.1%.
Why RBI stayed put on policy rates? Shaktikanta Das explains
Core inflation expected to remain in the current zone below 4 per cent, said Governor Das.
Has Guv Das turned hawkish? Key takeaways from RBI money policy
The MPC revised down real GDP growth for 2019-20 from 6.1% in October policy to 5%.
RBI throws ball back in govt’s court to boost growth: Analysts
The central bank acknowledged that it was concerned about inflation in the near-term.
Wholesale inflation hits 3 year low in October
High food inflation, however, kept the Wholesale Price Index (WPI) from falling into negative zone. Food inflation increased to 9.8% in October from 7.47% in the previous month.
RBI may cut rates again to support growth
In five reductions so far in 2019, interest rates have been lowered by a total of 135 basis points.
Retail inflation breaches RBI target in October, now at a 16-month high of 4.62%
Retail inflation surged to 4.62% in October, mainly on account of higher food prices, as per the govt data.
ET View: CPI likely to remain elevated for statistical reasons
The latest inflation numbers suggest that retail headline inflation, read the overall rise in consumer prices, has gone up beyond the 4% target set up Monetary Policy Committee (MPC). The MPC is mandated to policy-induce a narrow 4-6% range for the retail inflation rate. The CPI has risen at the fastest rate since June last year.
Retail inflation may average at 4% in FY20: SBI report
The report said even as food CPI will remain elevated, core CPI will go below 3% in this fiscal.
MGNREGA may get linked with CPI-R
Ministry of rural development currently revises the unskilled wage rate under the Mahatma Gandhi National Rural Employment Guarantee Scheme based on consumer price index for agricultural labour (CPI-AL) every year for all states/UTs. Besides, the wages are calculated using December month index only.
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