WPI inflation eases to near two-year low

According to government data,wholesale price-based inflation has reached a 2 year low of 2.02% in June,2019. This decline comes on the back of reduced inflation in the prices of manufactured products as well as a drop in the prices of fuel and power sources. However,RBI has projected upward in food inflation in the near term… Continue reading WPI inflation eases to near two-year low

Low oil price, food supply kept inflation low:Viral Acharya

The outgoing deputy governor of RBI has credited flexible inflation targeting,low crude prices and efficient food supply management for successful taming of inflation in recent years. The RBI has shifted to a flexible inflation targeting with a headline target of 4 percent(+/- 2 percent) when the Monetary Policy Committee (MPC) was instituted in 2016. He… Continue reading Low oil price, food supply kept inflation low:Viral Acharya

WPI inflation spikes to 3.18% in March on costlier food, fuel

The Wholesale price inflation has increased to 3.18% in March,2019.The rise has been attributed to high food and fuel prices. Wholesale Price Inflation tracks changes in the price of goods in stages before the retail level i.e. goods that are sold in bulk and traded between organizations instead of consumers. It is measured by the… Continue reading WPI inflation spikes to 3.18% in March on costlier food, fuel

RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%

The six-member Monetary Policy Committee of the Reserve Bank of India has cut its benchmark policy rate,repo rate by 0.25% to 6%.Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI.The rate cut comes in the backdrop of a slowdown in consumption. demand,weakening investment activity and overall… Continue reading RBI cuts repo rate to 6%, lowers GDP forecast to 7.2%