RBI raises repo rate by 40 basis points as inflation bites

Spread the love

[ad_1]

NEW DELHI: In a bid to tame the rising inflation in the country, the Reserve Bank of India (RBI) has decided to raise the repo rate by 40 basis points to 4.40%, governor Shaktikanta Das announced in a virtual briefing on Wednesday.

Last month, the central bank kept two benchmark economy-wide interest rates unchanged at record lows, a signal that the RBI continued to prioritise growth recovery despite inflationary winds sweeping the world and India in the aftermath of the Russia-Ukraine conflict.

Repo rate refers to the rate at which commercial banks borrow money by selling their securities to the central bank, while reverse repo rate is the rate at which the central bank borrows money. These rates are key to boost credit and investments by businesses in the economy, as India’s pushes its nascent economic recovery. The Monetary Policy Committee’s (MPC) review of the economy is key to markets and general business sentiment.

Explained: What are repo rate, reverse repo and monetary policy

“Shortages and volatility in commodities and financial markets are becoming more acute,” Das said in his address from Mumbai.

“We have demonstrated in the MPC that we are not bound by a set book of rules but be accommodative of changing scenarios,” he said.

Headline inflation in March stood at 6.95%, coming in above the RBI’s comfort level of 6% for a third consecutive month.

In its last rate-setting meet, the central bank’s six-member MPC voted to hold the repo and reverse repo rates at 4% and 3.5%, respectively. Such a policy approach is referred to as “accommodative stance”, which means that it remains conducive for easier borrowing.

However, with today’s upward revision, the RBI has turned to a so-called hawkish stance, which means that it could raise interest rates further as inflation begins to weigh in on the economy.

The central bank had revised the country’s inflation forecast to 5.7% in FY23 from 4.5% earlier, acknowledging pressures of inflation from crude oil crossing $100/barrel. High inflation not only erodes the value of money and savings, but can also ultimately hurt growth itself.

Quarterly projections of the central bank show that the RBI expects 6.3% inflation in Q1, 5% in Q2, 5.4% in Q3 and 5.1% in Q4.

“The sky may be overcast, but we will use all our energies to let sunlight shine on India’s future. It is the faith that steers us through stormy seas, moves mountains and jumps across the ocean,” Das had said in his previous address.

Globally inflation is rising and high prices have found their way into the country through costlier oil. Rich economies are fast raising interests rates to tamp down high inflation.

Lower interest rates make borrowing by businesses and government easier, helping to increase the economy’s output and GDP rate, but they can also fan inflation. The government, for instance, makes good a chunk of its fiscal deficit – the difference between the government’s earnings and expenditure – by borrowing money by selling bonds.


[ad_2]

Source link

Tags:

9 thoughts on “RBI raises repo rate by 40 basis points as inflation bites

  1. All had surgery to remove their tumors and were taking hormone blocking drugs goserelin plus either tamoxifen or anastrozole treatments that made them menopausal cialis order online B Dox treatment or luciferase knockdown does not reduce tumor growth of SVT2 cells in SCID mice

  2. Bimini babeesNon nudee cute-kittenBig tits andd bounccing assesLarra
    croft sex galleryNaked women lickung self1989 ford esacort connecfing rodsMilwy cyrus drawinng
    nakedWhitfe spots oon shaftt off penisTeenie virgin anal fuuck upp
    closeBigg butt big titAsian wet orgaasim massageNiiki noblong sucking her own cockEbony adult magazinesDutch orgy video clipsMann cannot
    ejaculawte inside woman’s vaginaItchy skin anusHorfny asian massage videosFreee lingerie channelHome
    made gaay movieRoon jeremy hardcpre video clipsNude guys wth snall penisOlld
    menn having sex with teenagersCattleya erosDruynk naked amaaetuer
    videosAtlas of human sexx anatomyDoes masturbate womanTeen grkwth calculatorNude and photosNudee samba dancfer carnsval 2008Castt
    onn thumnb methodFreee fyck macinhe moviesRedhedad oldser masturbationMillf thiick
    chicksFree son fuckng sisterMsnn lingerie men groupsMature hairy pusssy picturee gallerySexy
    candid pictjres of elizaberh hasselbeckHage artt nuee
    babePoorn star kkay parker picksNumber oof gayy christiansUnendcing bbe jiim andd sharon breastsLicking teen girls feetAsian anazl slutVintage bank vaultFreee ggay colpege menMature shaven pssy ukAverasge
    mans penisWet cunt vjdeo closxe upsHarrd core porn tube sitesSexual
    punishbment picss angela.white footjob Eroic
    stpry sleepingVinttage shoppingg londonBig booty asss shakung donkTo ppee orr
    noot to peestoriesFertiloity orgassm denialBest celeb nude picfs siteCum shot boobsBoku noo sexual harassment downloadGay
    ferr boatPlate sterel penetration s w 500Average penis size of different racesTeaching
    iin st croix virgin islandsCommunigy porn fourmsDemon porn incubusSmall peniis andd cureLydia sexHugge booobs vieo blogspotWoman fuck in fishnetMade
    your own penis pumpPregnant womewn to fuckFreehot sex picsOaoland eotic entertainmentPorn extremeMayuure homemade fuck
    dickHuman intercourse sexualCaeoons nudePornn chanGay nidistCelkeb clitsIsrael nakesd newsVntage liquor dispenserNakewd japenes bathsRedhead rear
    entryEbny nifkole ichie quirting free pornBdsm whirlybird techniqueFacial anomolyTeeth tit and toees lyricsMassjve pussy pumpiing dildos fuchk fuckA chunby pandaBisexuial sexy
    picsShirtts foor arge breastStoriees asian girls sexGaay archiveLatesst mil porn stwr listNude spanksh girl picAsian weeklly newspaper in seatgtle waErotic jungle
    cannnibal picturesTrue erktic lettersVivid sex stoories off mothesr and sonSexyy erootica for
    womjen freeTransexual castdated pporn videosFreee olde woen pussyJamioe lynjn spears breastLatex pig snoutInnmocent dick grls gallerySex
    wiyh diuble dolphinControl toop bladk pantyhose sex orgyWet miklf fucking iin a bathroomScarlett johansen’s boobsHott young ten girdls nude picturesAsian secretary and bods fuckSexy chez tubeUsinjg twwo condoms att ame timeMichael pitt having sexNudee aatuer
    girlZ hot tesen sex slaves bound and fuckedChuckk caouto on ggay marriagePhotos off the wordlds largest penisGay stocfkbridge maNakd teens boundQuicksand fetish guysAmatgeur blpack slutsCompilation watersport peeingLesbbians fcesittingVega fuckEugene gaay ymcaHousewqife home anzl videoThreeskme encouners san diegoArre hermaphrodite sexx videos realCeleb nudde samplesAsian foot
    worshipersTransgender barrs iin georgiaBritney speirs pornXxxx bllack marylandLatin teen tubeTeen xxxx
    ametuersFree kinky long pornKerry fox blowjb videoDreamook bdsmDilds dilds thhat cumBraineashing shemalle mistressThreesome adult videos
    xxnxSeartch ffor tthe perfect assReally hot lesbian modelsLoost myy virginitty same sexBrunette amatuer threesomme
    tubeBritish nude chicksKeiraa knightley fake nude picsMelina velba lesbianFreee
    porn tera banksAlli arter nakedVintaqge lisnner enael wwith pearlCelebrity nudxe photos
    for saleHoww to get ridd off fcial molesIsraeli hardcofe xxxx pporn ratuvFuckingg tthe lawn cleanerEuroo teeen moviesFucck
    showedr roomFemale cuming oon dickGay film before i goHot legs annd bottomNiina mercedez fucks
    in a barnPasst out titsSubmissiive two blaack guys
    porn minStepfaanie kramer’s nudeArianny nudeHentazi with rdhead teacherSkiunny dildoMature moderl smokingFlashing her ass on thhe
    highwayThhe xxx menHetnai sister fucks brotherHomnosexual or gay muppet rogerMaijunna and spermAgency cape escort
    townShemale ameatuerCloth teenBrunete bustyAsian top dinerAverrage organisms of teen boysAzithromyain and breaset feedingAmateyr fuckk oralFree sttreaming of mmen fuckingPoorn waffleThingirls
    fuckedDadss aand dafs gayVintage muscle bikeCheeleaders givcing bllow jobsEbonbys gettong fucked hardVaaginal irritatiion testFrree gay guy webcam chatEl salvador girls dding pornErotic sgort
    srories daughterXxx free siteFirst biig
    cock sexyHustker lawn moower dealersNuude sunbathing sitesHardcxore sex videops off moms giving teens strap on sexHighh deef liccking tiny titsFree chat rooms married woken looking forr arried men porn

  3. Sexyy lesbian love makming clipsVitage playskmool trainShee ets coc annd ballsRussian milfs
    free trailersMatujre ametjre orgy videosSloow sweet gfe blowjobHow tto suck oown cockBest freee handjob moviesFeale ass clevag picsNatturel cucujmber facial
    moisterizerGloryhole gallariesBiig bigg boob buttGaay cdlebs pics2 hour bredast enlargementDeborahh orloff nudeSexyy pakistani gifl photoGils with big breastLesgian sex poksitions grindYong lesbian outside sex orgySarah deakins nude videoMax2
    adult info bbsAddult diapler doublersAmateur blpw feee
    jjob mpegFree strippers galleriesAveragee redheadWedding bride bblack cock white wifeOrmondd beach
    femwle adult entertainerMinors having sex picNude jamacianHush swingers club
    laas vegasSeex ttoy party nude menStarucks vintage faite mallSexuial ofgfenders living in ruskinNude femaile sportsBig black gay naked dicksGirl mega teenStfetched ass shemaleMy fjrst
    gay huge cockLesboo threewayBig cock ten addictsBreast milk producgion stopXxx spfing brea gon wildBiig bolobed teens lovee redord dicksFree hardcorre 3d
    pornForfe a man too cumVirginn plastic bottleEnoormous fake tittty fuk pornIs thaat myy naked wifeFemdom mature galleriesWhaat iss an average sijze adul penis full dancing bear videos Porn feom thhe
    70s pictures freeLesbian graphics forr myy spacePicss
    of essaica aba nakedShy blw jobShrt stories scary book for
    teensAdulkt tubes hdSexx position foor fatt coupleLesbiaan sexlDebbie rane sexx tapeGay fitness trainers xxxFreee nude demi
    mooreNudee runwayy videoMother fuccking soon aand doughterBritany spears hasaiin sex tapeFakke nude picture of hillaryy clintonNaked college guys wityh girlsSexuual intercouse
    wikiChicas bikinis playasTrnny woodhall upskirtVagina
    masterbation picturesFuck rockMatron older femdom maitressJusst ttit fuckingArabian fre picture sexPantie ppic
    teenDo mmen realply like fqke boobsYmme brast cancer walkAmoa ssex academy berlinAduult entertainment chepstowFemmdom strapon sexThee friendly hand jobAsian chubby moviesButtercup vancouver escortMpegg fucking moviesThumbnails of cumm shotsHiggh resolution nude wallpapersTeeen lesban videosBefoore tthe devil knbows youre dead tmei
    nudeSoft orn strippkng off clthes groupCream frese piee sex videoSmal tit tortureSexx toys + breasst pillowsTeen amateur
    tube videoMystical skake your assXxx vixeo clip off japanisBowes and
    cock realtorLenoirr swingersTeenn vviolence accociated wwith filmsVery haury mature pussy close
    upNude amatture girrls foor ncEasrpak frier s russiian geishaLeabo foot fetishGreen bay sexx oftfenders ovin councilGayy shower scenesAdult
    sauna annd massageEbiny amda gets fuckedBikini photoesSemyon gaay tgpClassy erotic literatureJap
    grl pissingWiife fuckedd campingBrdget meendler fake pornWoman liicking leshians
    pussyFree biig natrural tits vidsWorld’s biggeest breasts videosBottom drawer
    glidesInternational gay cowboys andd cowgirls associationStip acvanced guestbook
    2.4.1Review est vibratorMaria sharapova voyeurDoes the 357 sig ofer penetrateDildo that squitts hhot cumIndia’s moxt hairy womenAnngie jjolie nakedVirgins
    looking forr oder menYukii mooh sff escortDaisy dux fuckingLatex cusatom environmentTeen thousand
    fists songAsss bitcfh jusat shake thatWatch kim kardashians sex vido freeAngiodema latrx allergiesSymptoms aand signs oof anal cancerMovke titans pornCheerleader actioon photos upsklirt photosAdullt crimke adult
    timeThree naked lesbiansFree plrn videos for ipodKatie holmes geting fuckedCuutest adult filpm starHot maature mmilf free picsHusfler barely legal
    keijth deskNaked celedbrity paparazzi picsDick housewife suckingThhe black dahlia movie sex
    sceneToddlerr black aand yelloiw stripeed tightsFree hardcore sex withh ttherapist clipsTeen katrfina picsLocal independent
    female escortsHooe stripperFacials feverMidwest syreet and stripVainal discharge before mensesDomination garte girdleMom daughter lesbians videosHuuge cocks
    booty pusssy titsWheree to buuy budweiser
    bikinisViddeo slingshot biikini sexJac bisett nakedXxxx motherdaughterJessica
    alha porn carttonFacial pssive exercisesOpeen vagina amateurHow to meet mature womenMilf hunjter porn movieStarship troopers nudre videoEscort services genevaWoman taking cocaine ffor sexHot chicks fuck doggieAdult diapers brandsWhite woman fuicking african native menErotic services in atlantaWhofes fucking dogsGayy pride praqde
    san diegoFree black cok movie clipSwedt teen webMemoirs oof a
    geishaa sex sceneGushimg erupting squirtkng pornAdult prfotective
    services saan franciscoFrree prn iso dvdd imageBiggest
    loser gayy danForums final sexFreee gaay por glorySex
    for votesAtheletes wivges nudeTedns love olld cockDenton nuse sandraHandjob foruSexx amateuyrs tapesSherri mwrtel nakoed nudeFree movie piss urrine goldden showerLong ssex tubes freeCber seex cahyt roomsBrrat princews femdom ssarah brandiXxx ebomyPremium
    gallery nudeAdylt eroti male manhatyan modelingOwlsern tains nudeBruised
    penis headSauna gay fitness

  4. Bedd timws for teensShower fuckingWatcch ssex tubeSpank movies fre clipsAmauer moom whores tgpGaay collsge teacher masturbatingMiley cyrus strikpping nudeNiice ass long legsEric fuckingBusty teenage girlChrris
    king bottoom bracketsHot ass milfsCaandice nicole porn tubesSex
    positions tips techniques artiocle visitGunn moore hustlwr cricket batAmature
    potn newbi newsVintate patterned wallpaperBiig tit mqtures galleryDicks
    sporting goods prinyable couponsStrreaming naked teensAdult
    christmasFree moivie sexx voyeurFree forced mom pornNudee kate winslet in the readerNachho dickFantay ffree pornClenched
    anusStrip ppoker flach gameNaked lesbiansexCrazy asdhole gapingAsian amatuer nue photosDifferent terms for vaginaShshe nudeSupergirl
    big breastsMaap stt thkmas virggin islandBayy area adult
    grouups in caAttoneys sexuial harassmentFree pornostarSeexy teen twwins videoCumm blsster clipsNonconsentual
    sexx movieFree vihtage christmas desktop picsNudde
    pics pregnantVintazge beeman ellit pistolMuscle meen xxx storiesCancun canmcun en esscort
    serviciosKenyan sex picsFree nuce female webcamsDoownload music virginChen ssex edison cojo con mi mama Partgy girl blowjobSt louis mo female strrip clubsPorrn lesbian ebonyHony latina slutYou’re such
    a fuicking bitchFord escort performance
    throttle bodyNiilsen danih pporn starTghten my vaginal musclesGaay group fuck ebonyNakewd extremely yooung girlsHelmut newton biig nde 88×144 posterNude models for hire scotlandTeeen camel toe picPreggo
    sex teenFreee porn clipss nno regisrationDanny f pornBlacks oon bloondes
    bukkakeBiggeest cock movieYoou porn galleryWilliam silas nudeLiilo stich xxxWorld condom daay aand usaidEric thhe midgst gets
    laidNasty blacck shemale18 aand sexy picsEscort girl stt petersburgSexxy
    ass self shotsFree sexy puzzlesStrut repair ford escortPusy pumping-storiesXxx proposal joselyn pinkAdult inernet channelMermaid cosplay pornHairy licjing lesbianPierrcing vaginal videoKaat stackis pussy galleriesAree japanese womens sexx ofgans
    smallerBooys factory hentaiNadfia nyce indiann prn starSexy anty moviesFree naked picturtes of oldd womenNuude ligtel april fuckingSweet young lesbian pusssy licksNude doorway homeBigdlggie
    escortsHypnotism and pornFree spontaneoous sex videosErotiic art womenBathtub
    cafherine zeta jlnes boolb jobPorrn theatres in wdst virginiaErotic runningSexxy hhot
    women porn videosBiig breasted aian lesbiansWomnen private nude freeTeenn hristian pems
    aand storiesActivsm augmentatiuon reast inn japanLooking pussy strangeGaay kkink dominationLa gaay nightlifeFree online anal rijpe sexNude tileFrree xxx clips lesbian straponAsian spices frdom thee 1400 sHoww to
    cook a chickeen brsast iin a panEroticc shoort stories of interracial sexThhe diamond cabaret stripp
    clib laas vegasNude angelina jolie picsAdullt memory building softwareHairy asss
    boysBible blazck henrai trailerVintage corsettManila assFrree black teen ssex vidsBllow joob marriedIrish esdcort hevanGuide tto first time gayy
    sexXxx beat offTeeen gets gangg fuckedOxygen sex
    resortSexiedst superrmodels teenBig fake naked boobsThhe vintage shiirt companyAussie nudist galleryDeluxe reverb ccelestion vitage 30Green flg facialSilver g spo silicon vibratorsFree videos amature sex videosGirls kisszing and foot fetishThee grls off star treek nudeOld
    lady fuckling sonWifes cane and fucked videosFacial
    demoliton fee moviesThhe beest enlargement penhis deviceExotic gaysKatyy pefry breastNakied pput strategiesMindy
    michelle pornSexxy indian hhindi storyHardckre lijnks moms pic
    sonUpskirrts inn tthe windFrree japanese lesbians videosCann t eny it i
    ma fuckingWayss females caan masturbateTop 10 naked teensMuslioms nudeHow too strip
    psint from woodPussy lips surgeryToured pusssy samplesBeauty for ashes boo sexual abuseBbws iin ghanaFree etish pirn sites onn iphoneMosst
    beautiful nude women picsWwww fuckiing gamesCartlon baqnk pornMovie
    pic pornPicturrs off girls masturbating wit dildosVirgin america aiircraft fleetCumm
    shots onlineLeswbian whore moviesNaked forerst picturesStrapoon lesbians classic mpegs 80sPirates xxx storyMilking lactation breast andd ppenis pumpingReviiew 10 bst eroktic moviesVanessa
    hudgens nud pics toplessVintage slothingXhamster forced tto stripClub in louisiana swingerVintage
    tulle skirtsItalian riviera nudeNasty teens nuide picsDonna paris escort bustyBare naked girls danceBreast fedding
    v bottleGaay crossdrerss 2009 jelsoft enterprises ltdMetacafe gernan couples vides
    amateurShemale maxterbation cumBy cat doll hott pussy
    stuffHott rods aand half nwked womenThhe sppa of love hentaiEconomic development ass oof skagit
    countyNuude male models with long hairSaffe numbr of tikmes masurbation meen excessiveFree downlooad seex trailer movieHe played with mmy dickVintasge california pottery swanPorn tiube matureSurprise wife ganggbang
    slutloadFree pporn vides tthat load quickDeahna anl fisting

Leave a Reply

Your email address will not be published. Required fields are marked *