RBI Governor Shaktikanta Das
The RBI has lowered the inflation estimate to 5 per cent for the quarter ending in March.
Retail inflation to stay at 5% in fourth quarter of FY 2021
With this, the RBI has lowered the inflation estimate to 5 % in the course of the quarter ended in March. Earlier, the RBI had projected retail inflation to be 5.2 per cent in the fourth quarter of 2020-21.
learn this also- RBI MPC Meeting: Big decision of RBI! Deposit limit in payment bank increased from 1 lakh to 2 lakh rupeesRBI Governor Shaktikanta Das, whereas saying the first coverage evaluate of the present fiscal on Wednesday, mentioned that key inflation remained on the 5 per cent stage in February 2021, though some components challenged the easing of the higher restrict (4 + 2%). Are generated. He mentioned that the scenario of meals inflation going ahead will rely on the progress of monsoon.
Repo charge stays at 4 %
The RBI has retained the important thing repo charge at 4 per cent to assist the rise. Das mentioned that due to the coordinated efforts by the Center and the states, there was some aid from home tax on petroleum merchandise.
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He mentioned that retaining in thoughts all these components, CPI inflation has been revised to 5 per cent in the fourth quarter of the monetary yr 2020-21. Similarly, inflation estimates are 5.2 per cent for the first and second quarter of FY 2021-22, 4.4 per cent for the third quarter and 5.1 per cent for the fourth quarter.
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