Page 2 - Harendra Kumar Behera News Today

Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The paper, authored by RBI Deputy Governor Michael Debabrata Patra and another official Harendra Kumar Behera, has found a steady decline in trend inflation to 4.1-4.3...

4% inflation target is ideal as it matches average trend since 2014, says RBI paper SECTIONS Share Synopsis The real time estimate of trend inflation was around 5% till the end of 2013, while it fell steadily to 4.1% in the first quarter of 2019, before rising to breach the 6% upper tolerance limit during the last nine months due to COVID-19 pandemic-led disruptions. Agencies RBI projected CPI to be at 6.8% for the third quarter, 5.8% for the fourth quarter and 5.2-4.6% in the first half of nex...

India’s inflation target should be maintained at 4%: RBI Working Paper By IANS|   Published: 28th December 2020 11:27 pm IST New Delhi, Dec 28 : India’s inflation target should be maintained at 4 per cent in the medium term, according to a working paper by the Reserve Bank of India (RBI). The paper, published by the RBI’s Department of Economic and Policy Research, noted that central to monetary policy is the concept of ‘Trend Inflation’ to which actual inflation outcomes are expecte...

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Maintaining 4% Inflation Appropriate for India, Says RBI Paper FOLLOW US ON: Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The paper, authored by RBI Deputy Governor Michael Debabrata Patra and another official Hare...

RBI working paper defends 4% inflation target for India The RBI paper, authored by Harendra Kumar Behera and Michael Debabrata Patra, finds that there is a steady decline in trend inflation to 4.1- 4.3 per cent since 2014 Chitranjan Kumar | December 28, 2020 | Updated 23:02 IST RBI paper recommended maintaining inflation target at 4 per cent Amid growing speculation that the government may ask the central bank to loosen the inflation target to help push economic growth, a Reserve Bank of India...

Maintaining 4% inflation appropriate for India: RBI paper Top Searches Maintaining 4% inflation appropriate for India: RBI paper PTI / Dec 28, 2020, 21:54 IST FacebookTwitterLinkedinEMail (Representative image) MUMBAI: Maintaining 4 per cent inflation is appropriate for India as targeting a lower rate could impart deflationary bias to the monetary policy, said a Reserve Bank paper. Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 pe...