Abheek Barua

RBI to keep rates unchanged, retain accommodative stance: Abheek Barua

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RBI to keep rates unchanged, retain accommodative stance: Abheek Barua

The Reserve Bank is likely to leave the key interest rates unchanged at its fourth bi-monthly policy review, given the fast rising risks to growth from external sources and comforting developments on the inflation front, according to HDFC Bank Chief Economist Abheek Barua. The RBI‘s rate-setting panel MPC started its three-day deliberations on Wednesday. The … Read more

HDFC Bank cuts FY22 growth projection to 10% from 11.5%

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HDFC Bank cuts FY22 growth projection to 10% from 11.5%

NEW DELHI: has cut India’s growth projection to 10 per cent from 11.5 per cent for the current financial year, citing the adverse effect of the second Covid-19 wave. In the worst-case scenario, growth could be further lower at 8 per cent, it said in a report. “It is possible that the infection and fatality … Read more