Longer Gulf conflict may trigger rise in inflation; India a notable exception: SBI report
However, domestic financial markets have been supported by RBI interventions such as smoothing of G-sec yields and management of rupee volatility.
However, domestic financial markets have been supported by RBI interventions such as smoothing of G-sec yields and management of rupee volatility.
The report noted that the revised CPI framework aligns closely with the international Classification of Individual Consumption According to Purpose (COICOP) 2018, enhancing the credibility of India’s inflation data and ensuring global comparability.
State Bank of India's research report, Ecowrap said that India's growth in fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
The unseasonal rains in different parts of India, particularly in cereal-producing states, could have a "significantly large impact" on cereal and vegetable prices, said SBI Research in its latest 'Ecowrap' report.
This year, it has further reduced the EBR mobilised through National Small Saving Fund (NSSF) and fully serviced bonds to Rs 30,000 crore only from Rs 1.3 lakh crore in FY21.
