Page-14 of Inflation Current Affairs, GK & News
Background: The Reserve Bank began exiting from the crisis driven expansionary policy in October 2009. Between January 2010 and October 2011, the Reserve Bank cumulatively raised the cash reserve ratio (CRR) by 100 basis points and the policy rate (the repo rate) 13 times by 375 basis points. This monetary policy response was calibrated on ..
The Reserve Bank of India’s third quarter recapitulation of monetary policy was devoid of major surprises. The only change in monetary policy instruments was a cut in the Cash Reserve Ratio (CRR) by 0.50% point to 5.5%. This decision will in turn resulted in- Release of Rs.32,000 Crore of funds squeezed from banks. The key ..
Topics: Central bank • Economy • Finance in India • Inflation • Interest rate • Macroeconomics • Monetary Policy • Money • Money Supply • Open market operation • Repurchase agreement • Reserve Bank of India
The Rupee was on its lowest point in 2 years after September 2009. The sustained fall is not only bad news for importers but is also fuelling inflation, pushing up prices of fuel and other commodities. The Falling Rupee is also negative factor for foreign institutional investors by reducing their effective returns. Re fall adds ..
Recently, RBI said that it expects economic growth to moderate to 8% or below in 2011-12 due to global uncertainty and rising interest rates. The central bank also expects inflation to be high for most of the year. Economic growth will moderate to 8% or below in 2011-12 because of global uncertainty and rising interest ..
Recently, a World Bank report was released which said that prices of a number of food commodities have increased sharply over the last twelve months and global food prices are up 33% in July from a year ago. The report says that prices of maize were up 84% in July from a year ago, sugar ..