Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
India Open Competition in Shotgun, organised by the National Rifle Association of India (N
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
RBI raises retail inflation estimate for FY22 to 5.7% Last Updated : 06 Aug 2021 12:06:32 PM IST The Reserve Bank of India (RBI) has raised the retail inflation projection for the ongoing financial year to 5.7 per cent from the previous estimate of 5.1 per cent.
In a virtual address post the monetary policy meet, RBI Governor Shaktikanta Das said that temporary supply shocks are driving inflation in the country.He, however, assured that although inflationary pressures raise concerns, they are transitory in nature.During the second quarter of FY22, inflation is seen at 5.9 per cent, and in Q3 it is likely to stand at 5.3 per cent.In a bid to continue with its growth supporting stance, the RBI has retained its key short-term lending rates during the third monetary policy review of FY22.Besides, the growth-oriented accommodative stance was retained to give a push to economic activity despite high retail inflation levels.The Monetary Policy Committee (MPC) of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.It was widely expected that MPC would hold rates and the accommodative stance.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186