RBI's Patel Says Rates Increased to Curb Inflation: Statement

RBI's Patel Says Rates Increased to Curb Inflation: Statement

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Business

University

Hard

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The transcript discusses the global and domestic economic conditions, highlighting sustained but uneven global growth, risks from oil prices, trade tensions, and financial conditions. It notes rising inflation in major economies and unsettled financial markets. Domestically, the Monetary Policy Committee (MPC) observes rising retail inflation and projects future inflation rates. Risks include crude oil volatility, financial turbulence, and fiscal slippage. Economic activity shows signs of recovery, with industrial growth and investment activity remaining firm. The MPC decides to increase the policy rate while maintaining a neutral stance, aiming for a 4% inflation target.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What observations did the Monetary Policy Committee make regarding global growth since its last meeting in June?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has inflation changed in major advanced and emerging economies according to the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the projected inflation rates for the second half of the fiscal year?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What risks to the inflation outlook did the Monetary Policy Committee identify?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors could boost rural demand according to the committee's assessment?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the projected GDP growth for the fiscal year as mentioned in the text?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What commitment did the committee reiterate regarding inflation?

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