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RBI unlikely to cut interest rates despite dip in December retail inflation: Report
The Reserve Bank of India (RBI) is unlikely to further ease the interest rates in the next meeting of its Monetary Policy Committee even though retail inflation declined in December 2020, a report by Motilal Oswal Institutional Equities said.
The Ecoscope report noted that the central bank is likely to continue with its calibrated approach towards the management of domestic liquidity. It is for the first time since the COVID-19 pandemic began that the CPI inflation has come within the RBI s target inflation range of 2-6%. What remains to be seen is if the downward trajectory in food prices continues during CY21. In any case, we do not expect any further monetary easing and the RBI is likely to continue to manage domestic liquidity in a calibrated manner, it said.
New Delhi, Jan 11 : Domestic institutional investors (DIIs) recorded their first outflows in 2020 after five years of inflows. This is at odds with bulge
Domestic funds see outflows after 5 yrs - Daijiworld com daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Global fiscal deficit narrows to 6.5% of GDP in Q3 from 20.4% in Q2
Taiwan has been the only nation to report fiscal surplus over the past three quarters (2.6 per cent of GDP). Hong Kong reported the highest fiscal deficit at 24.5 per cent of GDP followed by 19 per cent in South Africa
Niti Kiran | December 15, 2020 | Updated 17:20 IST
Global fiscal deficit narrowed to 6.5 per cent of GDP in the third quarter of 2020 from 20.4 per cent in the previous quarter. In absolute terms, it came down to $1.2 trillion from $3.2 trillion, during the period, highlighted a Motilal Oswal Institutional Equities report. In advanced economies (AEs), the fiscal deficit narrowed to 6.9 per cent of GDP after climbing to 27.6 per cent in Q2CY20.