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Overall, the tone suggests that the central bank is still cautious as far as inflation is concerned and doesn't want to signal to the market that the rate hikes are over. So, if inflation continues to surprise on the upside, a rate hike can't be ruled out this year
Core inflation has stuck around 6% and may not come down significantly
The judge rejected testimonies from the state witnesses, saying they were unreliable and had discrepancies.
The award, announced on Wednesday, recognised Mr Das for captaining the financial markets through the turbulent periods of the COVID-19 pandemic and the crippling impact of the Ukraine war.
MUMBAI, Dec 26: The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank. With inflation ebbing into the target band, focus is likely to shift to helping economic growth in the new year, especially given the lagged impact of 2.25 per cent in rate hikes […]