Inflation Projection

The Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by Russia-Ukraine war.

The Asian Development Bank (ADB) has slashed India's economic growth projection for 2022-23 to 7 per cent from 7.2 per cent earlier, citing higher than expected inflation and monetary tightening.

The Reserve Bank of India on Friday decided to keep inflation projection for the current financial year unchanged at 6.7 per cent and said that the retail inflation would remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23.

The Reserve Bank of India hiked its key lending rate by 50 basis points, which was at the higher end of market expectations, to 5.40 per cent. That increase takes the repo rate to pre-pandemic level, the highest since 2019 and the third hike in a row.

RBI hikes key lending rate by 50 basis points to pre-pandemic level of 5.40%, third increase in a row

The Reserve Bank of India will likely hike interest rates for the third time since the current fiscal year began in April. But the central bank's dilemma has multiplied, with pressing economic risks becoming a deeper concern for policymakers.

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year to bring down inflation from above the upper threshold of the central bank's target since January. The focus shifts to the RBI's growth and inflation outlook and the tone of the monetary policy path.

Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices

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.

RBI Governor Shaktikanta Das on Wednesday said the Russia-Ukraine war has led to globalisation of inflation and is posing new challenges, as the central bank upped the inflation projection to 6.7 per cent for current fiscal year.

Home, auto, and other loans' EMIs will rise after the Reserve Bank of India on Wednesday raised its key interest rate by 50 basis points, the second increase in five weeks.

Highlights and top comments from RBI Governor Shaktikanta Das' press conference on Wednesday after hiking the key repo rate by 50 basis points.

Following are the highlights of RBI's third monetary policy review of the current financial year announced by Governor Shaktikanta Das on Wednesday.

The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent.

While a RBI rate hike is certain, as Governor Shaktikanta Das had indicated last month, the questions remain on by how much and inflation projections?

The Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by Russia-Ukraine war.

The Asian Development Bank (ADB) has slashed India's economic growth projection for 2022-23 to 7 per cent from 7.2 per cent earlier, citing higher than expected inflation and monetary tightening.

The Reserve Bank of India on Friday decided to keep inflation projection for the current financial year unchanged at 6.7 per cent and said that the retail inflation would remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23.

The Reserve Bank of India hiked its key lending rate by 50 basis points, which was at the higher end of market expectations, to 5.40 per cent. That increase takes the repo rate to pre-pandemic level, the highest since 2019 and the third hike in a row.

RBI hikes key lending rate by 50 basis points to pre-pandemic level of 5.40%, third increase in a row

The Reserve Bank of India will likely hike interest rates for the third time since the current fiscal year began in April. But the central bank's dilemma has multiplied, with pressing economic risks becoming a deeper concern for policymakers.

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year to bring down inflation from above the upper threshold of the central bank's target since January. The focus shifts to the RBI's growth and inflation outlook and the tone of the monetary policy path.

Inflation for April 2022 had risen to an eight-year high of 7.79 per cent due to sharp jump in fuel and edible oil prices

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.

RBI Governor Shaktikanta Das on Wednesday said the Russia-Ukraine war has led to globalisation of inflation and is posing new challenges, as the central bank upped the inflation projection to 6.7 per cent for current fiscal year.

Home, auto, and other loans' EMIs will rise after the Reserve Bank of India on Wednesday raised its key interest rate by 50 basis points, the second increase in five weeks.

Highlights and top comments from RBI Governor Shaktikanta Das' press conference on Wednesday after hiking the key repo rate by 50 basis points.

Following are the highlights of RBI's third monetary policy review of the current financial year announced by Governor Shaktikanta Das on Wednesday.

The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent.

While a RBI rate hike is certain, as Governor Shaktikanta Das had indicated last month, the questions remain on by how much and inflation projections?