Thursday, June 30, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

RBI keeps interest rates unchanged as economy faces threat amid growing COVID-19 cases

Jaleel M. by Jaleel M.
April 7, 2021
in Business
0
RBI keeps interest rates unchanged as economy faces threat amid growing COVID-19 cases
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter


The Central bank kept the benchmark repurchase rate unchanged at four percent and maintained an accommodative policy stance to support growth

Related posts

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

May 18, 2022
How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

May 17, 2022

RBI keeps interest rates unchanged as economy faces threat amid growing COVID-19 cases

Representational image. Reuters

Mumbai: Reserve Bank on Wednesday said it expects retail inflation at 5.2 percent in the first half of the current fiscal and revised downwards the target to 5 percent for the quarter ended March.

While headline inflation at 5 percent in February 2021 remains within the tolerance band, some underline constituents are testing the upper tolerance level.

Going forward, the food inflation trajectory will critically depend on the temporal and special progress of southwest monsoon in the 2021 season, RBI Governor Shaktikanta Das said on Wednesday while announcing the first monetary policy for the current fiscal.

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 percent to support growth in the current situation.

Das said there has been some respite from the incidence of domestic taxes on petroleum products through coordinated actions by the Centre and states could provide relief on top of the recent easing of the international crude prices.

However, the combination of international commodity prices and logistics cost may push up input price pressures across manufacturing and services, he added.

“Taking into consideration all these factors, the projection for CPI inflation has been revised to 5 percent in Q4 of FY2021; 5.2 percent in Q1 FY2021-22; 5.2 percent also in Q2 of FY22; 4.4 pc in Q3 and 5.1 percent in Q4 with risks broadly balanced,” Das said.

Earlier, the central bank had projected retail inflation at 5.2 percent for the 2021 March quarter.

RBI has the mandate to keep inflation at 4 percent with a bias of plus or minus 2 percent.



Source link

Previous Post

Apple’s new patent could change laptop keyboards forever

Next Post

Sensex climbs 300 points after RBI policy outcome; Nestle India, Bharti Airtel among top gainers

Next Post
Sensex climbs 300 points after RBI policy outcome; Nestle India, Bharti Airtel among top gainers

Sensex climbs 300 points after RBI policy outcome; Nestle India, Bharti Airtel among top gainers

Leave a Reply Cancel reply

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

RECOMMENDED NEWS

Scientific debate rages over whether mutation helped spread of coronavirus, United States News & Top Stories

Scientific debate rages over whether mutation helped spread of coronavirus, United States News & Top Stories

2 years ago
Virat Kohli All-Heart For Anushka Sharma’s Pictures With “Sweet-Smoosh-Doggo Dude”

Virat Kohli All-Heart For Anushka Sharma’s Pictures With “Sweet-Smoosh-Doggo Dude”

2 years ago
Parliament LIVE Updates: Rajya Sabha proceedings extended till 3 pm; first leg of Budget Session to end today

Parliament LIVE Updates: Rajya Sabha proceedings extended till 3 pm; first leg of Budget Session to end today

1 year ago
England vs West Indies: Sachin Tendulkar Says Ben Stokes Will Lead England From The Front In 1st Test At Southampton

England vs West Indies: Sachin Tendulkar Says Ben Stokes Will Lead England From The Front In 1st Test At Southampton

2 years ago

FOLLOW US

  • 114 Followers
  • 29.5k Followers
  • 172k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy