Thread by @BiIndia

#RBI leaves rates unchanged as it lowers #GDP growth projection to 9.5%, targets 5.1% inflation

#RBIPolicy #ShaktikantaDas

businessinsider.in/finance/news/g…

By @pabsgill

@pabsgill Unlike the first wave where the economy came to standstill under a national wide lockdown, the impact on economic activity is expected to be relatively contained in the #SecondWave with restrictions on mobility being regionalised and nuanced: Shaktikanta Das.

#RBI #RBIPolicy

@pabsgill “The favourable base effects that brought about the moderation in headline inflation by 1.2% in April may persist through the first half of the year conditioned by progress in #Monsoon and effective supply side interventions by the government.” said RBI governor, Shaktikanta Das.

@pabsgill Rising #crudeoil prices leading to a broad based surge in commodity prices and logistics costs, could worsen cost conditions. According to Das, weak demand conditions may temper the impact, and the pass through to consumer inflation.

#RBI #RBIPolicy