Russia-Ukraine War: RBI may increase the repo rate by 0.75 percent by August, Ukraine crisis also due to an increase in inflation

Posted on 17th May 2022 03:50 pm by rohit kumar

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.


Also Read: RBI On Cryptocurrency: RBI's big statement on cryptocurrencies, said - it threatens the dollarization of a part of the economy

1 Like 0 Dislike
Previous news Next news
Other news

New LG's first blow to Delhi CM Arvind Kejriwal, files withheld; eclipse on singapore tour

A dispute has arisen between Delhi CM Arvind Kejriwal and the recently appointed Lieutenant Gover

Police officer murdered in Kashmir: Bullet riddled body of sub-inspector found; Terrorists targeted while working in the field

A bullet-riddled body of a police sub-inspector has been found under mysterious circumstances in

Sri Lanka Economic Crisis: Fuel becomes costlier for the third time in a month; the US will help to get out of the economic crisis

Sri Lanka again hiked fuel prices on Sunday. For the third time in a month, the government has in

Stones again pelted in Jahangirpuri, Delhi, people from two sides clashed late at night; Several vehicles vandalized

Violent clashes have once again erupted in Delhi's Jahangirpuri. According to the news agency, st

IIT Bombay: Relief from Supreme Court to a student suffering from a learning disability, orders given to IIT Bombay to give a degree

In an important decision, the Supreme Court issued an order to IIT Bombay to hand over his degree

RBI again increased the repo rate by 50 basis points, home, and car loans will be expensive

RBI Governor Shaktikanta Das announced an increase of 50 basis points in the repo rate on Wednesd

Water Crisis In Delhi: There may be an outcry for water in Delhi, the water level of Yamuna again reduced

The water level of the Yamuna river continues to recede in Wazirabad. On Wednesday, the water lev

After the instructions of the Home Minister, the attack on the terrorist network in Kashmir intensified, 4 terrorists were killed in 24 hours - 18 terrorists and helpers were arrested in 72 hours

It has been made clear to the miscreants and terrorists engaged in the conspiracy of target killi

Taarak Mehta Ka Ooltah Chashmah: Finally the video of Dayaben's entry in 'Gokuldham' surfaced, the people of the society performed Garba in happiness

Taarak Mehta Ka Ooltah Chashmah News: The comedy show 'Taarak Mehta Ka Ooltah Chashmah' is the on

OTT Movies: These films including 'Baaghi 4' will be released soon, this OTT platform partnered with Sajid Nadiadwala

Sajid Nadiadwala's Nadiadwala Grandson Entertainment (NGE) has joined hands with Amazon Prime Vid

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS

Play Free Quiz and Win Cash