Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

RBI Unlikely to Hike Rates in Rest of FY19: SBI Report

On October 5, the RBI belied market expectations of a rate hike.

IANS

Updated:October 14, 2018, 9:46 AM IST
facebookTwittergoogleskypewhatsapp
RBI Unlikely to Hike Rates in Rest of FY19: SBI Report
File photo of RBI headquarters in Mumbai. (Reuters)
Loading...
Mumbai The Reserve Bank of India (RBI) is not expected to hike key lending rates in the current fiscal, a SBI Ecowrap report said on Saturday.

"CPI inflation marginally increased to 3.77 per cent in September 2018. Interestingly, on a m-o-m basis, rural food inflation has registered a decline, even as headline registered an increase," the report said.

"Meanwhile, core CPI inflation declined to 5.81 per cent in September 2018 from 5.92 per cent in August 2018. We expect CPI for FY19 at 4.2 per cent. Our inflation trajectory projection makes us believe that rate hike is now off the table in FY19."

On October 5, the RBI belied market expectations of a rate hike. It held the key lending rate unchanged in the context of an uncertain global economic scenario but turned hawkish in its stance, moving to one of calibrated tightening from the "neutral" it had maintained over its six previous policy reviews.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results