RBI’s Monetary Policy Meeting 2024: Key Decisions and Implications Introduction to the RBI Monetary Policy Meeting The Reserve Bank of India (RBI) convened its crucial monetary policy meeting in October 2024, addressing the country’s economic landscape marked by inflationary pressures and the need for sustainable growth. This meeting holds significant importance as it shapes the…
Government Reconstitutes Monetary Policy Committee Ahead of RBI Rate Review The Indian government has reconstituted the Monetary Policy Committee (MPC) in anticipation of the Reserve Bank of India’s (RBI) upcoming rate review. This change in the committee’s composition comes at a crucial time as the nation grapples with various economic challenges, including inflation and the…
India’s WPI Inflation Drops to 4-Month Low of 1.31% in August Wholesale price inflation (WPI) in India eased to a four-month low of 1.31% in August 2024, driven by a decline in prices of manufactured goods and food items. This is a positive development for the Indian economy, as it indicates a moderation in inflationary…
India’s Wholesale Prices Accelerate to 15-Month High of 2.61% in May Rising Wholesale Price Index (WPI) India’s Wholesale Price Index (WPI) rose to a 15-month high of 2.61% in May 2024, reflecting an upward trend in wholesale prices. This significant increase marks the highest level since February 2023, driven by a surge in the prices…
India’s Wholesale Price Index (WPI) Records Seventh Consecutive Month of Deflation in October India’s Wholesale Price Index (WPI) has marked a significant economic trend, registering a seventh consecutive month of deflation in October. The WPI, a key metric gauging inflation at the wholesale level, dipped by 0.17% in October 2023. This decline is primarily attributed…
RBI Flags High Inflation as Key Risk to Macroeconomic Stability, Vows to Bring Inflation to 4% The Reserve Bank of India (RBI) has raised concerns over rising inflation rates, identifying it as a critical risk to the country’s macroeconomic stability. In its recent announcement, the RBI has pledged to take measures to bring inflation down…
RBI Keeps Repo Rate Unchanged at 6.5%: Here’s What It Means for Govt Exam Aspirants The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This was announced by RBI Governor Shaktikanta Das on April 6, 2023. The repo rate is the rate at which the central bank lends…
India’s Manufacturing PMI Slips to 4-month low of 55.3 in February The manufacturing sector is a significant contributor to India’s economy, and the performance of the sector has a significant impact on India’s overall economic growth. According to the data released by IHS Markit, India’s Manufacturing Purchasing Managers’ Index (PMI) fell to a four-month low…
