The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers
Since the last policy announcement, inflationary risks have increased significantly
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors
RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth
FY23 inflation projection may go above 6%; liquidity steps anticipated
Policy will depend on RBI's inflation projection
This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week
Loan growth could be better than in previous fiscal
The RBI did most of the heavy-lifting in the initial phase of the pandemic but was slow in unwinding the policy accommodation as economic reality changed
In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy
No compromise on capex; consolidated fund to be used if needed, the source said
Economists expect 40-50 bps hike in repo rate by MPC next month
Says have entered another phase of 'coordinated action' between fiscal and monetary authorities
Tax cuts will not lower inflation significantly
Monetary policy committee says decision to cut repo rate was at the correct time.
External member Jayanth Varma said 100 bps rate hike required 'very soon'
In a constitutional democracy, the RBI is bound by the law to focus on its core mandate
The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events
The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month
While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are 'soft'