Another hike! RBI’s rate-setting panel likely to raise policy rate by 50 bps, shift stance to neutral
Synopsis Reserve Bank of India’s rate-setting panel is likely to announce a 50 basis points (bps) policy rate increase at the end of its three-day review on Friday, amid rising concerns over surging inflation, global headwinds and a slump in rupee to its record lows….
ravik, 5 months ago 0 4 min read
At 6.7%, RBI’s inflation forecast could be an optimistic one
Synopsis Even as RBI has retained its growth forecast for FY23 at 7.2%, it has raised the inflation forecast by 220 basis points to 6.7% for FY23 above its tolerance band of 2-6%. The central bank on Wednesday raised the inflation forecast by 100 basis…
ravik, 7 months ago 0 3 min read