The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31
Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank
Govt seeks RBI's view on tweaks to CPI basket and if old weightings need to be changed
Softens to four-month low of 1.22% in December from 1.55% in November as food items enter deflationary zone; core inflation at 2-year high of 4.2%
Food inflation declined to 3.41 per cent in December, compared to 9.5 per cent in the previous month
Stock market updates: Nifty PSU Bank index surged over 6 per cent and was the top sectoral gainer
The MPC in all likelihood would keep the repo rate unchanged at 4 per cent, extending the pause from its August and October meetings and reiterating the accommodative stance
A large autonomous driver of liquidity has been RBI intervention in the foreign exchange markets.
The CPI-IW hasn't been revised since 2001 - an exercise which should usually take place every five years
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The MPC held its first meeting in October 2016 under then-Governor Urjit Patel
Inflation breaches 6% for second straight quarter, set to cross limit for third quarter
Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June
Local lockdowns, taxes on fuels, services, hardening commodity prices may drive up inflation: Economists
Divergence seen narrowing in June as lockdown restrictions are eased
Food inflation in WPI rose to 2.04 per cent in June from 1.13 per cent due to disruptions caused by rains
Manufactured products, however, witnessed inflation of 0.08 per cent in June. In May deflation was 0.42 per cent
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic
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