Mon, Dec 07, 2020
The RBI revised its growth forecast upward to a contraction of 7.5%YoY from -9.5%YoY in F2021, as it now expects growth to turn positive in 2HF2021. On the inflation front, the outlook turned adverse as core inflation remains sticky due to cost push factors. RBI expects inflation to remain above the upper threshold of the MPC's target at 6.8% in Q3F2021 then decelerate to 5.8% in Q4F2021, with risks broadly balanced.
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Wed, Jun 07, 2017
Keeping the repo rate and reverse repo rate unchanged, the RBI revised its headline inflation downward to be in the range of 2-3.5% from the earlier 4.5% in the first half of the fiscal. The policy revised GVA estimates 10 basis points lower to 7.3%.
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