The rupee depreciation is likely to hurt the inflation fight and restrict the Reserve Bank from cutting its policy rates at the forthcoming monetary policy review by month end, says ratings agency Crisil. "If the rupee averages at 58 to the dollar this fiscal, average headline inflation could rise to 6% compared to our baseline call of 5.3%. This leaves little room for monetary easing despite the sharp slowdown in GDP growth," Crisil said in a report today..............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment