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Since April, the yield on government securities fell around 10-15 basis points due to multiple factors , like the easing inflation print, Brent crude oil prices, and the higher dividend transfer announced by the Reserve Bank of India.
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.
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.
The bulletin added that headline inflation has come off the December 2023 peak, however, food price pressures have been interrupting the ongoing disinflation process.
The Monetary Policy Committee of the RBI in April monetary policy kept repo rate unchanged at 6.50 percent for the seventh time in a row with its focus firmly on bringing inflation down.