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

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

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

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

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

Reverse repo rate stands unchanged at 3.35 percent

Bank rate, marginal standing facility rate unchanged at 4.2 percent

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

The latest budget proposals will improve investment climate and revive demand

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