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The rupee recovered on Wednesday from its record low close of 77.78 per cent in the previous session after the Reserve Bank of India hiked its key lending rate by 0.5 per cent andmaintained a hawkish stance thereby restricting significant losses for thecurrency. ....
In its monetary policy outcome tomorrow, the Reserve Bank of India is likely to revise its consumer price index (CPI) or retail inflation forecast from 5.7 per cent to 6.5 per cent plus for the current fiscal 2022-23. ....
Rise in policy rates is not anti-national activity, says former RBI Governor Raghuram Rajan - RBI has maintained status quo on policy rates to support domestic growth. It hiked the inflation projection for this financial year to 5.7% from 4.5%. ....
URL copied Image Source : PTI RBI lowers inflation projection to 5.20% for Q4 FY21, sees it around 5% in H1 next fiscal The Reserve Bank has lowered the retail inflation projection for the current quarter of this fiscal at 5.2 per cent, saying it has returned within the tolerance band . On the economy, the central bank said it is only going to look upwards from here. In its last monetary policy review of this fiscal, the RBI has decided to keep the key repo rate unchanged at 4 per cent with an accommodative stance to ensure that inflation remains within the target, RBI Governor Shaktikanta Das said while unveiling the policy on Friday. ....