Tuesday, Jun 28, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Rbi Projects Indias Fy23 Retail Inflation At 4 5
Ads

RBI projects India’s FY23 retail inflation at 4.5%

By IANS
Published: Updated On - 01:40 PM, Thu - 10 February 22
Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.

Mumbai: India’s FY23 retail inflation is projected at 4.5 per cent, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday.

Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.

In his policy statement post the Monetary Policy Committee’s bi-monthly meeting, he said: “The CPI reading for January 2022 is expected to move closer to the upper tolerance band, largely due to adverse base effects.

“Taking all these factors into consideration and on the assumption of a normal monsoon, CPI inflation for 2022-23 is projected at 4.5 per cent with Q1:2022-23 at 4.9 per cent; Q2 at 5.0 per cent; Q3 at 4.0 per cent; and Q4 at 4.2 per cent, with risks broadly balanced.”

On Thursday, the RBI retained its key short-term lending rates during the sixth and final monetary policy review of FY22.

Further, the growth-oriented accommodative stance was retained to give a push to economic activity.

In addition, the RBI’s Monetary Policy Committee (MPC) maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.

  • Follow Us :
  • Tags
  • RBI
  • Retail Inflation
  • Shaktikanta Das

Related News

  • Room to run, fiscally

  • Telangana’s fiscal health in green

  • TFA football league: RBI down fighting OK Sporting FC

  • May retail inflation at 7.04 per cent

  • Editorial: Battle against inflation

  • RBI to soon come out with regulatory architecture on digital loan apps

Latest News

  • This is the best year of my career so far, says Telangana paddler Sreeja

    21 mins ago
  • ‘We need to make workplaces inclusive’

    40 mins ago
  • Three Inspector transferred in Hyderabad

    42 mins ago
  • T-Hub 2.0: Accolades pour in from every section hailing Telangana govt’s vision

    48 mins ago
  • T-Hub young India’s aspirations: CM KCR

    50 mins ago
  • Hyderabad provides opportunities to corporates, startups alike: Panelists

    1 hour ago
  • Indian Haj pilgrims face cooking problem in Makkah

    1 hour ago
  • LEAD CEO emphasises need to build confident India

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam