BANK NEWS
RBI projection on inflation and growth forecast on October 1
New Delhi: The Reserve Bank of India earlier announced its monetary policy in February, now it is expected to be released its forecast of the newly reviewed projection on October 1, 2020. The RBI has to make its projection in every six months.
The meet of the six members of the monetary policy, the committee will be held between September 29 to October 1, 2020, to decides the interest rate.
However, the Governor of RBI Shaktikanta Das had said projections of growth and inflation would be heavily contingent on the intensity, spread, and duration of Covid-19 due to “heightened volatility, unprecedented uncertainty and the extremely fluid state of affairs”. “Precisely for these reasons, the MPC refrained from giving out specific growth and inflation numbers.”
News Must Read
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer