rates unchanged for eight consecutive times and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly driven by stubbornly high prices of cereals, spices and vegetables. keeping inflation higher than rbi s stated target of 4%, which is needed to pivot to a rate cut. and the rbi doesn t have compulsions, too, like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely led by mr narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push
of china, which they hope would loosen more already. while they have done certain measures to try to support the housing market and support the economy generally, they have probably done less than some people and hope for for that it s quite a different outlook in asia depending on which country you are looking at. in the coming hours, we ll also get a rate decision from india s central bank. it s widely expected to keep the cost of borrowing on hold. the announcement comes against the backdrop of narendra modi s bjp led alliance securing a narrower than expected election victory, which may slow economic reforms. archana shukla has more from mumbai. higherfood prices, a robust economic growth, and a new coalition government still under formation. there s reasons aplenty why economists feel india s central bank will leave the interest rates unchanged for eight consecutive times and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly
generally, dave done less than some people and hope for for that it s quite a different outlook in asia depending on which country you are looking at. in the coming hours, we ll also get a rate decision from india s central bank. it s widely expected to keep the cost of borrowing on hold. the announcement comes against the backdrop of narendra modi s bjp led alliance securing a narrower than expected election victory, which may slow economic reforms. archana shukla has more from mumbai. higherfood prices, a robust economic growth, and a new coalition government still under formation. there s reasons aplenty why economists feel india s central bank will leave the interest rates unchanged for eight consecutive time and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly driven by stubbornly high prices of cereals, spices and vegetables. keeping inflation higher than rbi s stated target of li%, which is needed to pivot to a rate cut.
was $4.83. i was all around the state yesterday and we bought gas over the weekend, $5.07. i m angry. this hits every driver in the state of connecticut and they are angry about skyrocketing gasoline prices. the president s actions and events and schedule are more geared toward long-term energy goals. he will go to the summit for the americas in los angeles. one of the top items being billed is a green and equitable recovery. high gas prices not getting top billing. dana: nor are the root causes of the problem at the southern border. bill: public safety on the ballot in california. far left facing pressure from voters fed up with lawlessness. claudia cowen is watching an interesting story in san francisco. good morning to you.
With voting for the fifth phase of Uttar Pradesh Assembly elections underway, State Election Commission on Sunday informed that 34.83 per cent voter turnout has been recorded till 1 pm on Sunday.