{"id":3868,"date":"2022-02-10T14:51:00","date_gmt":"2022-02-10T09:21:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=3868"},"modified":"2024-05-08T14:53:07","modified_gmt":"2024-05-08T09:23:07","slug":"the-rbi-delivers-an-ultra-dovish-policy","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/the-rbi-delivers-an-ultra-dovish-policy\/","title":{"rendered":"The RBI delivers an ultra-dovish policy"},"content":{"rendered":"<p>The RBI delivered an ultra-dovish policy today, continuing its focus on economic growth revival. It maintained an accommodative policy stance and a status-quo on policy rates, against market expectation of a hike in the reverse repo rate. It views the need for continued policy support for a durable and broad-based recovery. Based on the RBI\u2019s dovish stance and its inflation projection (projected at 4.5% in FY23 down from 5.3% in FY22), it is expected to adopt a gradual policy normalization approach with a hike in reverse repo likely to start in Q1FY23 and in the repo rate in H2FY23. We see upside risks to RBI\u2019s inflation projection given elevated global crude oil prices and domestic price pressures. If these risks were to materialize, the RBI would have to adjust policy at a faster pace than presently anticipated.<\/p>","protected":false},"excerpt":{"rendered":"<p>The RBI delivered an ultra-dovish policy today, continuing its focus on economic growth revival. It maintained an accommodative policy stance and a status-quo on policy rates, against market expectation of a hike in the reverse repo rate. It views the need for continued policy support for a durable and broad-based recovery. Based on the RBI\u2019s [&hellip;]<\/p>","protected":false},"author":1,"featured_media":3684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32,6,1],"tags":[],"class_list":["post-3868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi-policy-reports","category-research-reports","category-uncategorized","rbi-policy-reports","research-reports","uncategorized"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/comments?post=3868"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3868\/revisions"}],"predecessor-version":[{"id":3874,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/3868\/revisions\/3874"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/3684"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=3868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=3868"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=3868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}