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.
After the snowfall in the mountains, now the cold has started increasing in the plains. In many s
Dulquer Salmaan's pan India action film 'King of Kotha' has been released in theaters today i.e.
Russia has once again intensified missile attacks on Ukraine. Russia once again targeted Ukraine'
The Taliban, which is ruling Afghanistan, made an important announcement on Monday. According to
Ranbir Kapoor said, Dad had said - don't do a film in which you have to wear dhoti
Ranbir Kapoor's film Shamshera is about to come. He is making funny revelations during the promot
Monsoon Session: Will the Center bring a bill to curb the population? Ravi Kishan made this demand
The Center can bring a bill to Parliament to curb population control. In this regard, BJP MP Ravi
Almost all the states of the Northeast including West Bengal have been affected due to cyclone Re
Investigation into the Raja Raghuvanshi murder case has gathered pace. Meghalaya police will take
Mohsin Naqvi apologizes to BCCI, refuses to return the Asia Cup trophy and medal.
PCB Chairman and Pakistan Government Home Minister Mohsin Naqvi apologized to the BCCI at the ACC
TN SSLC Result 2024: Tamil Nadu SSLC Board Exam result released, how to check result, read here
Tamil Nadu Board has declared the results of the SSLC exam. Students who participated in the exam
