
The Russia-Ukraine war has a major role in the rising inflation in the country, SBI economists claimed on Monday. He said that 59 percent of the geopolitical tensions caused by the ongoing war between Russia and Ukraine contributed to the rise in inflation. SBI economists said that in the period of rising inflation, the inflation figure reached the level of 7.8 percent in April. He said that the RBI is once again ready to increase the repo rate to 5.15 percent before the epidemic.
Taking February as the basis, the effect of the Russo-Ukraine war on inflation has been studied. It has been found in this research that due to the ongoing war between these two countries, inflation in food, fuel, light, and transport has increased by 52 percent. Apart from this, due to the increase in input cost in the FMCG sector, the prices of commodities have increased by up to seven percent.
According to SBI Ecowrap, economists say that there is no hope of getting relief from rising inflation at the moment. At the same time, he says that there is a difference in the rising prices in urban and rural areas. The reason behind the increase in inflation in urban areas is an increase in the price of petroleum, whereas, in rural areas, the most effective has been seen due to an increase in food prices.
According to a report by SBI, by August, the central bank will increase the repo rate by 75 bps or 0.75 percent. The second meeting of this financial year will be held in June and the third meeting in August. The report said that the RBI will increase the repo rate to 5.25 percent. It is currently at 4.5 percent. After August, the matter of increasing the rates may slow down a bit.
Along with this, economists have also asked RBI to look into the steps being taken by it. SBI economists have also asked SBI to look into whether these steps can bring down inflation in a meaningful way if the war-related standoff between Russia and Ukraine is not resolved soon.
India defeated Australia by six runs in the fifth T20. With this victory, Team India won the five
India's young shuttler Lakshya Sen reached the men's singles semi-finals on Friday. He has become
No one can answer the question of when the pair of Bollywood actors Ranveer Singh and Samantha Ru
Gangster Lawrence Bishnoi Gangster Lawrence Bishnoi, the main accused in singer Sidhu Moosewala's
Union Defense Minister Rajnath Singh has reached Srinagar. He is on a two-day visit to Jammu and
The G-20 Ministerial Conference on Women Empowerment is being organized under the Indian Presiden
Sitcom TV show Taarak Mehta Ka Ooltah Chashmah has been in the news many times till now. The show
The biggest football festival of the year, 'UEFA Euro 2024' is going to start from next month. Be
Petronet LNG Limited has declared its fourth-quarter results. According to these, the company's r
The performance of the Indian team in the T20 World Cup 2024 has been strong so far. India topped