RBI Ultadanga

I pray all members are doing fine. Hoping all of you have taken the vaccine shots. Tc all.

Now

Diwali ki Subhkamnaye sabko :)
Lakshmi Mata aur Ganpati Bappa apne kripa sabpe barsaye :D

Reading Raghuram Rajan.

What central bank governors say is sometimes as important as what they do.

Raghuram Rajan is expected to hold interest rates when he announces the monetary policy review on Tuesday. In case he indeed does so, attention needs to be focused on the policy text.

Rajan was worried two months ago about an uptick in inflation. Oil prices had hardened. The first official forecast on the monsoon was grim. Since then, oil prices have retreated. The monsoon has been far better than expected. It is important to see if Rajan indicates that his fears about inflation have abated.

A poor monsoon would have hurt farm output and economic growth. Recent data shows that farm production may not be in trouble. Pay close attention to what Rajan says about rural wage growth. He considers that a proxy for underlying inflation pressures.

Our guess: Rajan will hold rates but sound more dovish than in June.

source :- livemint

Govt. proposes to strip RBI chief of veto power on monetary policy The Union government on Thursday proposed to strip the Reserve Bank Governor’s veto vote on India’s monetary policy. The government also proposed to grant itself the power to appoint four of the six members of the Mone

itna sannata :/
Ultadanga wale kabse itne shant baithne lag :D
howru peeps ?