A vendor weighs tomatoes for a customer at a vegetable market in Ahmedabad on July 25, 2023. | Photo Credit: Reuters India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices, and could … Read more
Consumer price inflation is expected to overshoot the Reserve Bank’s tolerance mark of 6 per cent again in July and August due to the sky high vegetable prices, a Japanese brokerage said on Friday. The government, which banned non-basmati rice exports earlier this week, is likely to usher in more supply-side measures to tame the … Read more
Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core … Read more
NEW DELHI: When Consumer Price Inflation – RBI’s monetary policy anchor— rose to a six-month high of 6.30 per cent in, May equity and debt markets started preparing themselves for the obvious response from the central bank, whose mandate is the consumer price gauge – normalisation of policy. But RBI Governor Shaktikanta Das and Deputy … Read more
NEW DELHI: In the 1960s, economists John Fleming and Robert Mundell developed a theory referred to as the Impossible Trinity, which claimed that no central bank can achieve three goals at the same time — a managed foreign exchange rate, free capital flow and an independent monetary policy. The Reserve Bank of India, which has … Read more