Gallery
PM Modi visit USA
Only the mirror in my washroom and phone gallery see the crazy me : Sara Khan
Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Indian men's hockey team captain Harmanpreet Singh has been named Player of the Year 2024
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
RBI reduces retail inflation estimate for FY22 to 5.3% Last Updated : 08 Oct 2021 11:46:13 AM IST 
The Reserve Bank of India (RBI) has reduced the retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent.
In a virtual address post the monetary policy meet, RBI Governor Shaktikanta Das said on Friday that consumer price inflation softened during July-August, moving back into the tolerance band with an easing of food inflation.This is corroborating the Monetary Policy Committee's (MPC) assessment of the spike in inflation in May as transitory, he said:During the second quarter of FY22, inflation is seen at 5.1 per cent, and in Q3 it is likely to stand at 4.5 per cent and in Q4 at a high of 5.8 per cent.The projection on inflation for Q1 of next fiscal (FY23) is 5.2 per cent.In a bid to continue with its growth supporting stance, the RBI has retained its key short-term lending rates during the fourth monetary policy review of FY22.Besides, the growth-oriented accommodative stance was retained to give a push to economic activity despite high retail inflation levels.The MPC of the central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks, at 4 per cent.Likewise, the reverse repo rate was kept unchanged at 3.35 per cent, and the marginal standing facility (MSF) rate and the 'Bank Rate' at 4.25 per cent.It was widely expected that the MPC would hold rates and the accommodative stance.IANS Mumbai For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Bollywood actress Sonakshi Sinha is enjoying her marital bliss. On Monday, the actress too
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
