According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
The inflation trajectory has largely evolved in line with the outlook given by us in June 2022, Shaktikanta Das said, adding that going forward, food inflation is likely to moderate with the usual winter softening and the likelihood of a bountiful rabi harvest.
India's October inflation dropped to 6.77 per cent, from 7.41 per cent in the preceding month, mainly due to easing prices in the food basket, though it remained above Reserve Bank's comfort level for the 10th month in a row.
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
"There're challenges of geopolitical crisis in Europe, breakdown of supply chains, the crisis of climate action, poverty, inflation & slowdown of global growth. Amid such a crisis India is taking the G20 presidency, we believe every crisis is an opportunity," Kant said at the first si
With central banks across nations amid an interest rate hike cycle, India performing better than the US, and UK, standing out like an "oasis in this era of uncertainty", says latest study by SBI Research.
With the intention to underline the issues of high fuel prices, inflation and joblessness, the Congress MLA went to the polling booth on a bicycle with a cylinder on it.
The ruling BJP is exuding confidence in retaining the 27-year-long rule in the state, while the Congress and Aam Aadmi Party are looking to cash in the 'anti-incumbency' and issues like inflation and unemployment to get to power.
"The biggest problem in the country after inflation is unemployment. Three-fourths of our population is youth, they should get opportunities for employment whether it is government or non-government job. Be it the Centre or State government, this should be everyone's priority," Gehlot said w
The interest rate in Pakistan skyrocketed to its highest in 24 years after the State Bank of Pakistan (SBP) raised its key policy rate by 16 per cent on Friday to curb inflation, according to Dawn.