MPC inflation target band retained at 2%-6% for next 5 years: DEA Secretary
Going ahead with Rs 12 lakh crore gross borrowing of which Rs 7.24 lakh crore is in H1, said Tarun Bajaj
Last Updated at March 31, 2021 18:34 IST
The Indian government and RBI have agreed to retain the bank’s current inflation target of 2%-6% for the next five years, Economic Affairs Secretary Tarun Bajaj said on Tuesday.
The earlier monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India in 2015, had set up a monetary policy committee with a mandate to achieve 2%-6% headline retail inflation.
Going ahead with Rs 12 lakh crore gross borrowing of which Rs 7.24 lakh crore is in H1, said Bajaj.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Wed, March 31 2021. 18:31 IST