RBI admitted that the increased rates of telecom can also impact core inflation.
The problems of the common man already suffering from inflation are going to increase further. In fact, the RBI said on Thursday that from January to March 2020, the inflation of food items will be very high. Apart from this, the increased rates of telecom can also affect core inflation.
The Reserve Bank admitted that the trend of increase in inflation may continue for some more time. Keeping inflation under control is the prime objective of the Reserve Bank and steps are being taken for this. In the coming time, there will be more clarity on the outlook of inflation. The next MPC meeting will be held on 4-6 February 2020. According to RBI, there are showing signs of further increase in the country’s GDP growth. The government has taken several steps in the last 5 months to control inflation. Liquidity has not been a problem since June.
RBI has said to change the lending rules of urban co-operative banks. Which will further strengthen the security of the customers of these banks. Apart from this, cyber security rules of co-operative banks will be implemented by 31 December.
