Since the US Federal Open Market Committee s policy statement on December 13, yield on the 10-year benchmark Indian government bond has dropped by 10 basis points (bps) to close at 7.16% on Friday.
According to the latest projections provided by the RBI s Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.
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According to the latest projections provided by the RBI s Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.