Click it and Unblock the Notifications
Just In
Don't Miss
-
IPL 2024 Centuries List: Full List of Hundreds of All IPL Seasons - All You Need to Know -
Trade Call: Day Trading Stock Picks By Sumeet Bagadia of Choice Broking On Thursday, 25th April -
When Will Vaishakh Month 2024 Start? Vrats And Festivals That Will Fall This Month, Complete List! -
JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100 -
Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix? -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary -
OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone -
Aston Martin Vantage Launched In India At Rs 3.99 Crore
'RBI will not hike rates untill economy recovers'
New Delhi, Sep 16: The Reserve Bank of India (RBI) will not raise monetary policy rates untill economy is back on high-growth track, RBI Governor Duvvuri Subbarao said on Tuesday, Sep 15.
"We will not exit the expansionary monetary policy unless we are sure that recovery is secured... but soon after the recovery is secured, we have to unwind the accommodative monetary policy," Mr Subbarao said.
According to Subbarao, RBI will look at a number of factors like the wholesale price index (WPI)-based inflation, consumer price index (CPI)-based inflation, components within inflation, while unwinding the soft monetary policy.
"This question of exit will be upon us much sooner than most of the country. We have to take a call on supporting the recovery and stemming inflationary pressure," he said.
Pointing out that negative WPI inflation is statistical in nature, Subbarao said, "There are inflationary pressure this fiscal ...and CPI inflation is in double digit."
OneIndia News
