• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

Retail inflation expected to stay close to targeted level by last quarter of FY21: RBI Governor

Juliet Woodard by Juliet Woodard
October 9, 2020
Home Business
Share on FacebookShare on Twitter

The RBI has kept the retail inflation target of 4 % with a bias of plus/minus 2 %.

RBI Governor Shaktikanta Das on Friday said retail inflation is expected to remain close to the targeted level by the last quarter of the current fiscal year. However, it is likely to stay above the tolerance level at 6.8 % for the quarter that ended in September 2020.Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) has decided to keep the key policy repo rate unchanged at 4 %, Mr. Das said while announcing the outcome the central bank’s bi-monthly policy review meeting.It also decided to continue with the accommodative stance of monetary policy as long as necessary — at least during the current financial year and into the next year — to revive growth on a durable basis and mitigate the impact of COVID-19, while ensuring that inflation remains within the target going forward.The RBI has kept the retail inflation target of 4 % with a bias of plus/minus 2 %.Consumer Price Index (CPI) inflation is projected at 6.8 % in Q2 of 2020-21. Subsequently, large favourable base effects are expected to pull it down to 5.4 % in Q3, and 4.5 % confidence intervals for headline inflation in Q4 of 2020-21 are 3.2-5.9 % and 2.4-6.6 %, respectively, RBI said in the policy statement.“For 2021-22, assuming a normalisation of supply chains with the availability of effective vaccines against COVID-19, a normal monsoon, and no major exogenous or policy shocks, structural model estimates indicate that inflation will move in a range of 4.1-4.4 %,” it added.Mr. Das, in his statement, said that some of this optimism is being reflected in people’s expectations. In the September 2020 round of the RBI’s survey, households expect inflation to decline modestly over the next three months, indicative of hope that supply chains are mending.“Our projections indicate that inflation would ease closer to the target by Q4 of 2020-21,” he said.

Tags: indiaMPCrbiretail inflationshaktikanta das
Juliet Woodard

Juliet Woodard

Next Post
Motorola Smartphones to See Price Cut of Up to Rs. 40,000 During Flipkart Big Billion Days Sale

Motorola Smartphones to See Price Cut of Up to Rs. 40,000 During Flipkart Big Billion Days Sale

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Gold plunges ₹ 1,492, silver tanks ₹ 1,476

World Bank may forecast steeper India contraction

August 23, 2020
Facebook, Twitter CEOs Defend Election Misinformation Rules at Heated US Congress Hearing

Facebook, Twitter CEOs Defend Election Misinformation Rules at Heated US Congress Hearing

November 18, 2020

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Facebook Bars Deceptive Campaign From Pro-Trump Group

Facebook Bars Deceptive Campaign From Pro-Trump Group

October 10, 2020
Nirmala Sitharaman press meet live | Centre announces Atmanirbhar Bharat Rozgar Yojana for formal sector

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

November 12, 2020
Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

Missing Middle Housing Is A Huge Opportunity Offering Resilient Investment And High Demand

February 17, 2021
Sensex rises over 200 points in early trade

Business Live: Shares drop after Wall Street selloff; financials weigh

September 4, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

Women Building Careers In Construction

Women Building Careers In Construction

March 9, 2021
20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

20 Ways To Celebrate International Women’s Day With Residential Wellness Design Gifts

March 8, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.