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.
There has been a new twist in the murder of Congress worker Himani Narwal. The statement of Direc
Whenever Ganesh Chaturthi comes, celebrations start not only in the houses of common people but a
The role of a finisher in Indian cricket has always been a topic of discussion, but Rinku Singh,
A four-day ceasefire has been agreed to in the 46-day-long Israel-Hamas war. Under the agreement,
Atiq Ahmad Son Encounter The dead body of Asad, the shooter son of Atiq, who publicly shot Umesh
It is said that if your intentions are good and your courage is high, then one-day success will k
Union Law Minister Kiren Rijiju expressed concern on Thursday (December 15) over the delay in get
Pollution has started increasing in Delhi-NCR. Due to this, the air quality in Delhi once again r
Rahul Gandhi: Rahul's reaction on changing the name of NMML to PM Museum, said- Nehru ji's identity…
On Monday i.e. August 14, the opposition is continuously targeting the government for changing th
PM Modi: 'Telangana is called the gateway to South India', PM Modi said in Sangareddy
Prime Minister Narendra Modi is on a tour of Telangana today. During this, he visited Shri Ujjain
