Economy
RBI Governor Says MPC Will Reassess Growth-Inflation Dynamics at Next Meeting
The Hindu1h
THE BRIEF
1
RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee will reassess growth and inflation dynamics at its October meeting amid rising crude oil prices.
2
Inflows under the RBI foreign currency non-resident bank deposit swap facility totalled $127.22 billion, with nearly 50% in a five-year tenor.
3
The Indian basket crude price rose from an average of $82 per barrel in July to $90 per barrel in August due to the West Asia crisis.