Medium Term Target
Medium Term Target News
Retail inflation at 16-month high: RBI likely to go for yet another rate cut despite CPI breaching central bank's medium-term target
Most economists, however, expect the RBI’s MPC to look past the inflation data and cut rates for a sixth straight time next month with economic growth and industrial output sagging to six-year lows.
With energy and food prices, which account for a major chunk of India’s consumer price index basket, falling sharply, the trend of relatively stable inflation over the past two years is expected to continue.
Capacity utilisation measured by the RBI's OBICUS survey showed an increase from 73.8 percent in Q1 to 76.1 percent in Q2, higher than the long-term average of 74.9%.