The RBI expected inflation to remain within the range over the next few quarters but expressed concern over high core inflation and rising fuel prices at its meeting last week.
India's central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy's recovery from the pandemic by ensuring ample liquidity for markets to absorb a massive government borrowing programme.
India s central bank kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy s recovery from the pandemic by ensuring ample liquidity for. | February 11, 2021
In a report released on Tuesday, SBI Research pegged the FY21 deficit at 7.4% of GDP on the back of a revenue shortfall accompanied by a higher-than-budgeted outgo, while it put the FY22 deficit at 5.2% of GDP.
RBI Likely To Keep Policy Rates On Hold, Say Analysts RBI Likely To Keep Policy Rates On Hold, Say Analysts Retail inflation eased in November after holding above 7% for two straight months, but remained beyond the RBI s upper bound of the 2-6% target.
Updated: December 14, 2020 7:24 pm IST
Retail inflation eased in November after holding above 7 per cent for two straight months, but remained beyond the upper bound of the 2-6 per cent target, meaning the central bank is likely to leave policy rates on hold to support the economy, analysts said.
November s annual retail inflation was 6.93 per cent, lower than the 7.1 per cent forecast in a Reuters poll of economists and down from 7.61 per cent in October, government data showed on Monday.