Most of the risk of inflation appeared to emerge from the crisis due to the Ukraine-Russian war. Repo level – Rates at which RBI lent to banks – is 5.15 percent in February 2020 before Pandemic. With inflation seen as a “biggest threat” to the economy, the Reserve Bank of India (RBI) is considering reversing […]
Concerns on high inflation dominated MPC meetings, show minutes
The majority of members of the Monetary Policy Committee (MPC) emphasized the increasing risk of continuous high inflation in the last round of the monetary policy meeting, according to the minutes of the meeting released on April 22. “The current geopolitical situation has caused the upward revision of our inflation projection for 2022-23. The estimation […]
Inflation situation that raises hair in India in five graphics
Data released at the end of Tuesday showed the Utama India’s main retail inflation rate, measured by the Consumer Price Index (CPI), soaring to the highest of 17 months 6.95 percent in March. While inflation is seen increasing, the extent to which the increase is far more than expected. But more than just being the […]