Outlook for low core inflation ‘good’: FinMin
There has been a stable downward movement in core inflation and moderation in food prices; core inflation for FY24 lowest since FY21, says the ministry
There has been a stable downward movement in core inflation and moderation in food prices; core inflation for FY24 lowest since FY21, says the ministry
The MPC decided by a majority of 5 out of 6 members to remain focused on the 'withdrawal of accommodation'.
Core inflation softened to 4.9% during July-August 2023.
The month of July has witnessed accentuation of food inflation, primarily on account of vegetables, says Shaktikanta Das
The MPC maintained the status quo on the key policy rate for the third consecutive time.
MPC cuts its inflation forecast for 2023-24 to 5.1% from 5.2% projected earlier
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.
The unscheduled meeting on November 3 is only a part of the regulatory obligation, SBI Research says.
India's retail inflation rate jumped to 7.4% in September from 7% in the month of August.