Reserve Bank of India says inflation will remain under 5.2 percent until March

Feb 5, 2021

By: BI India Bureau

RBI says vegetable prices, except in key food items, may remain low in the near term

Credit: BCCL

Consumer price inflation until June will be between 5 percent and 5.2 percent

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By March 2021, government will review the inflation target for next five years

Credit: BCCL

Given that inflation is back under 6 percent, the monetary policy panel has decided to push for growth

Credit: BCCL

Governor Shaktikanta Das says he will aim to keep inflation within the target of a maximum 6 percent

Credit: BCCL

Policy repo rate, the rate at which banks borrow from RBI, unchanged at 4 percent

Credit: BCCL

Reverse repo rate stands unchanged at 3.35 percent

Credit: BCCL

Bank rate, marginal standing facility rate unchanged at 4.2 percent

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Consumer confidence is reviving, electricity demand reflects mfg activity has returned to normal

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GDP is expected to grow 10.25 percent in the year ending March 2022

Credit: BCCL

The latest budget proposals will improve investment climate and revive demand

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