Even as the central bank expects inflation to be within the central bank’s upper tolerance band at 6 percent by early next financial year, households still expect it to continue to remain at double digit level over a one year time horizon, the central bank’s household expectation survey found. Households’ median inflation perceptions for the … Read more
Yet another week of whipsaws in the market as the broader sentiment continues to remain ‘Sell on Rise’ with bears countering the bulls on every significant upmove. This week’s RBI MPC meet helped elevate markets’ mood as the policy was more dovish than expected. Contrary to Street expectations, the policy seems to be taking a … Read more
The Reserve Bank of India has retained its growth forecast at 9.5% for FY22 while revising down its inflation forecast to 5.3% (from 5.7% earlier) given the lower than expected food inflation momentum. RBI’s in-house model expects it to ease further in FY’22-23 to 4.5-5.2%. But real GDP growth may be lower at 7.8% in … Read more