#MintPrimer | #RBIMPC delivered its decision on policy #reporate today, maintaining status quo. Mint explains how why it was a challenge for MPC to maintain rate pause.
Read more: livemint.com
Read more: livemint.com
#MintPrimer | The MPC keeps the #reporate unchanged at 6.50% for the fourth consecutive time in October as core inflation, which excludes food and fuel and light groups, has been below #RBI’s upper tolerance limit of 6% for six consecutive months, offering some respite from high food prices.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | Since the last meeting, inflation for July and August has been 7.44% and 6.83%, respectively, with the sharp jump since June (4.87%) coming from vegetable inflation, which has averaged 31.8% in these two months.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | The #RBI kept its #GDP & #inflation projections unchanged at 6.5% and 5.4%, respectively for 2022-23. While the RBI had projected inflation at 6.2% for July-September, the average for July-August has been much higher at 7.1%.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | At the time of the last MPC meeting, the sharp rise in tomato prices had been a big issue. Since then, tomato prices have corrected sharply, declining 64.6% in September compared to July.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | #Inflation, as of now, is likely to come in below 6% in the current financial year, which will keep the MPC on its path to bring down inflation to the medium-term aim of 4% in a steady manner.
Read here: livemint.com
Read here: livemint.com
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