RBI raises retail inflation projection for FY22 to 5.7 per cent
Business | August 06, 2021 12:11 ISTIn the previous Monetary Policy Committee (MPC) meeting in June, the RB''s CPI inflation projection for the current fiscal stood at 5.1 per cent.
In the previous Monetary Policy Committee (MPC) meeting in June, the RB''s CPI inflation projection for the current fiscal stood at 5.1 per cent.
The Reserve Bank has lowered the retail inflation projection for the current quarter of this fiscal at 5.2 per cent, saying it has returned within the "tolerance band".
The factors that are likely to impact inflation number going forward include volatility in the global financial markets, oil prices, MSP pass-through and staggered impact of HRA increases by states.
New Delhi, Nov 20: Planning Commission Deputy Chairman Montek Singh Ahluwalia today conceded that he went wrong while projecting moderation in inflation which remains near the double-digit mark.“It is true that we were hoping that
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