Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Mon, Sep 24, 2018 | Last Updated 9:09 am IST

Menu &Sections

Search

RBI pegged retail inflation at 4.8% for second half of current fiscal

RBI pegged retail inflation at 4.8% for second half of current fiscal
RBI pegged retail inflation at 4.8% for second half of current fiscal
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources from Mumbai, Reserve Bank of India for the second time in two-month raised interest rate by 0.25% on inflationary concerns and the central bank in its third bi-monthly policy of the current fiscal raised benchmark repo, or the short term rate at which it lends to other banks, by 0.25% to 6.5%. Meanwhile the 6 member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel kept its stance at neutral.



Previously for July-September, it pegged CPI-based retail inflation at 4.2% which it saw firming up to 4.8% in the second half of the current fiscal and currently the projected inflation rate is above its targeted comfort level of 4%. Furthermore RBI kept the GDP forecast for the current fiscal unchanged at 7.4% and saw it at 7.5-7.6% in the second half of the current fiscal. For the July-September quarter, it has projected inflation to be at 4.6%.

RBI pegged retail inflation at 4.8% for second half of current fiscal

Moreover RBI made the projections in its third monetary policy review for the current fiscal and the retail inflation has been projected to rise further to 5% in the first quarter of next financial year 2019-20. Firstly, the central government has decided to fix the minimum support prices (MSPs) of at least 150% of the cost of production for all kharif crops for the sowing season of 2018-19.

RBI pegged retail inflation at 4.8% for second half of current fiscal

RBI pegged retail inflation at 4.8% for second half of current fiscal
5/ 5 - (1 votes)
Add To Favourite
More from author
10,000 to participate in Plant based Festival in Beijing
Pakistan PM disappointed as India cancelled Foreign Minister Level Meet
Trump administration will revoke work permits to H-4 visa users in 3 months
Amazon to sell Shampoos, face pack, medicinal products made from Cow Urine & Dung
136 people died after a ferry capsized on Lake Victoria, Tanzania
Karnataka CM Kumaraswamy called for a Revolt against BJP
TN Govt opened bookings for the online sale of imported sand at Thoothukudi port
PM Narendra Modi catapulted many projects in Odisha & Chhattisgarh
Is Chandrababu Naidu elder than PM Modi in politics?
Will Chandrababu Naidu attend Court in Babli Case?
India moving towards 5G: PM Modi
"Facebook Dating" made available within social networking company's mobile app
First Indian state to introduce Smart e-Public Distribution System (e-PDS)
Pawan Kalyan to have 'Gelupu Rotte' to win upcoming general elections in AP
Ajay Maken left for treatment abroad for his orthopedic ailment
Trump participates in UNGA events & bilateral meetings from September 24-27
Will Madras HC hear petitions challenging land acquisition in Chennai-Salem Project?
BJP leader gets trolled!
Kausalya consoles Amrutha Varshini!
Krishnaswamy turns against Karunas!
Daye suppression isn't the end!
HD Kumaraswamy meets 3,000 people every week during 'Janata Darshan'
Muslims across 31 districts of Telangana must get representation in 2018 Elections
TN Dr. Ambedkar Law University to remove unqualified teaching staff & other staff
Will Tamilnadu Govt make Helmet compulsory?
Cyclone Alert over west-central Bay of Bengal: IMD
Why BJP spoiled alliance between TDP and TRS?
Pakistan ready to discuss terrorism, Imran Khan pens PM Modi
Bilateral dialogue between Washington & Pyongyang stalled on how to move denuclearization process
Signing up for the credit line to receive Instant access on Flipkart
Train Services stopped at Kerala, Bengaluru & Coastal Karnataka resumes
Mis-happening at Jet Airways focus Mumbai to Jaipur
Police tightens grip on H Raja!
Karunas blackmails police!
HAL former chief on Rafel controversy!
Coimbatore college Managing Director's Cheap act!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.