Shaktikanta Das: Inflation likely to be elevated in second quarter: RBI Governor Shaktikanta Das


The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year.

Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the central bank’s Monetary Policy Committee (MPC).

He also said that global economic activity has remained fragile and the surge in COVID-19 cases has subdued early signs of revival.


Pinning hope on the agriculture sector, he said, Kharif crop harvest is expected to boost rural demand.

Economic activity had started to recover, but a surge in coronavirus infections has forced imposition of lockdowns, he added.

The RBI’s monetary policy committee today unanimously decided to leave the policy repo rate unchanged at 4% and the reverse repo rate at 3.35% against a backdrop of rising inflationary pressure and a grim economic outlook.

Source link

Articles You May Like

‘CDC’s credibility is eroding’ amid conflicting mask guidance, ex-Obama official says
Agency looking at retail brokerage apps
What it means for U.S. economic outlook
Economy likely to rebound by Q4 of FY22, Bandhan Bank bullish on meeting targets: Chandra Shekhar Ghosh
Closer collaboration in digital skilling, R&D to strengthen India-EU partnership: Industry Executives

Leave a Reply

Your email address will not be published. Required fields are marked *