Page 33 - ஒன்றுபட்டது மாநிலங்களில் டாலர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The RBI can pat itself for nearly achieving the inflation targeting goal with the consumer price index averaging 3.9 per cent during October 2016-March 2020, as it races to review the monetary policy framework for the first time in five years, according to a report. The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31 - the first review since it was tasked with a mandated inflation target of 4 per cent with a 2 per cent deviation either way in June 2016, when it adopted a flexible inflation targeting model. Not only did the headline CPI inflation averaged closer to the target at 3.9 per cent during this period, inflation volatility, measured by its standard deviation, also declined to 1.4 during October 2016-March 2020 from 2.4 in 2012-16, BofA Securities said quoting the Reserve Bank of India data.

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