Inflation target breach: RBI committee will meet to draft report for Govt
- मौद्रिक अधिकारियों को मुद्रास्फीति पर काबू पाने के लिए आवश्यक नीतिगत कार्रवाई करने की आवश्यकता होगी क्योंकि यह लक्ष्य सीमा से ऊपर बनी हुई है, भले ही इसमें थोड़ी कमी हुई हो।
Sigh of relief
- “In India, supply conditions are improving, with the recent monsoon pick-up, strong momentum in manufacturing and a rebound in services.
- The onset of the festival season should boost consumer demand, including rural, also as sowing activity picks up. Robust central government capital outlays are supporting investment activity.
- Amidst somewhat mixed signals being emitted by high frequency indicators, perhaps the best word to describe the state of domestic economic activity relative to the rest of the world is resilience.
- Inflation had eased in July by 30 basis points from June and by 60 basis points from the average of 7.3% for Q1:2022-23.
Capital flows return
- The officials highlighted the return of capital flows after a hiatus, when the appetite of portfolio flows to emerging economies had deteriorated as the dollar appreciated in step with the U.S. Federal Reserve’s policy tightening.
- India is cautiously returning to be the flavour of this season’s portfolio flows, with inflows of $5 billion upto August 12.