Crude price

Steps by RBI, govt to cut duration of elevated inflation: Finance ministry

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Measures taken by the Reserve Bank of India (RBI) and the government will reduce the duration of elevated inflation in FY23, which is mostly through the imports channel due to high crude and edible oil prices, the finance ministry said in a report. “Further, since aggregate demand is recovering only gradually, the risk of sustained … Read more

RBI MPC: Expect no rate hikes, oil holds key to inflation, future guidance

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Shanti Ekambaram During the February review, the Reserve Bank of India (RBI) kept the key interest rates unchanged and committed to an accommodative stance for as long as it is necessary to see stable growth. This was despite inflation being high and high frequency data showing economic growth trends. This time, as the monetary policy … Read more