Goldman Sachs revises India's GDP forecast upwards on RBI dividend bonanza
The global financial institution also expects the Reserve Bank of India to go for a rate cut in the October-December quarter.
Source: moneycontrol.com
Michael Patra News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Michael Patra. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Michael Patra Today - Breaking & Trending Today
Durable alignment with inflation target may happen only in second half of the year: RBI bulletin
The monthly State of the Economy article includes Deputy Governor Michael Patra - one of the three RBI representatives on the Monetary Policy Committee (MPC) - as one of its co-authors.
Source: moneycontrol.com
policy rates: Rate easing may have to wait, highlights RBI in its latest bulletin
“A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged pace of alignment with the target is underway” wrote the Reserve Bank of India deputy governor Michael Patra and his team in their assessment of the economy published in the latest monthly Bulletin.
Source: indiatimes.com
Alignment with 4% inflation target may occur in latter part of the year: RBI report | Indiablooms - First Portal on Digital News Management
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
Source: indiablooms.com
RBI may delay plan to ease interest rates
The RBI has raised the benchmark policy rates by 250 basis points (one bps is 0.01 percentage point) since May 2022 as inflation surged way beyond the central bank's 4% target. But inflation is slowly aligning with the target, although concerns remain over the trajectory for food inflation.
Source: indiatimes.com