Hiking interest rates to tame inflation not 'anti-national': Former RBI chief Raghuram Rajan : Rashtra News #Hiking #interest #rates #tame #inflation #antinational #RBI #chief #Raghuram #Rajan Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians
Reserve Bank of India Monetary Policy: The RBI today left inflation estimate for fiscal 2025 unchanged at 4.5% amid rising concerns over soaring crude oil prices and supply chain disruptions due to the Red Sea crisis. Food inflation remains a concern after it climbed to 8.7% in February, driving overall inflation, while Brent and WTI futures have now surged on geopolitical tensions.
Food Inflation: "Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation," wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBI s January Bulletin. The views expressed are personal.
The cost of both vegetarian and non-vegetarian thalis in India decreased in September due to lower tomato prices, according to a report by Crisil Market Intelligence and Analytics. The cost of veg thalis fell by 17% and non-veg thalis fell by 9% compared to the previous month. However, on a year-on-year basis, the cost of veg thalis was down by 1% and non-veg thalis were up by 0.65%.