A monthly publication of the Trade Exposure Inflation Index would enable markets, analysts, and the public to observe how much of inflation is actually imported versus how much is domestically generated.
The other emerging market currencies experienced a more pronounced depreciation against the dollar than the rupee in 2024, resulting in a relative appreciation effect.
The move comes as an effort by the central bank to reduce cash reserve ratio and review bank liquidity. India's banking system liquidity surplus stood at Rs 2.44 tn as of 23 June.
RBI retained its projection of 6.5% growth, but highlighted global uncertainty, particularly due to renewed tariffs from July & volatility in commodity prices as risks to growth outlook.
This comes amid looming uncertainties as Trump’s tariff regime kicks in. RBI also revised its growth estimates for FY25-26, lowering GDP estimates by 20 points to 6.5% from 6.7%.
RBI has kept repo rate high & unchanged at 6.5% since February 2023 in an attempt to slow credit growth & thereby lower inflation. This has not come to pass, ThePrint’s analysis shows.
Shaktikanta Das said the central bank was not ‘behind the curve’ in terms of monetary policy & would base its decisions on incoming data and the outlook on inflation.
Four out of six members vote to maintain repo rate while two vote for 25 basis point reduction. RBI governor cites rise in headline inflation in June, primarily driven by food component.
Unlike modern aircraft with their sophisticated systems and computer-mediated controls, the MiG-21 was pure aviation. The connection between the pilot and the machine was magical.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
In a chat with ThePrint newsroom, French Ambassador Thierry Mathou indicated talks are on between French firm Safran & Indian govt for joint design & manufacture of AMCA engine.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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