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Expect Long Pause In Rate Cut Until Inflation Falls To Comfortable Level

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Expect Long Pause In Rate Cut Until Inflation Falls To Comfortable Level

The fourth bi-monthly meeting of the Monetary Policy Committee (MPC) took place from 2nd December to 4th December. The announcements were more or less in the expected line. MPC decided to keep the rates unchanged and continue with its accommodative stance.

To aid economic recovery, RBI governor announced that the accommodative stance will be continued this year, and will be extended to the next financial year also. Though the Q2FY21 GDP numbers came out better than expected, the domestic economy needs more support to fall back to the growth track.

RBI projects the Indian economy to contract by 7.5 percent in FY21, with positive growth rate in the next two coming quarters.

Yet, the fear of rising inflation is evident in the RBI governor’s address. MPC expects inflation to remain at elevated levels with some relief in the winter months. The inflation rate as measured by Consumer Price Index (CPI) reached 7.6 percent in October. And, the RBI projects the inflation rate at 6.8 percent for Q3FY21, and 5.8 percent for Q4FY21.

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Apart from distribution and delivery challenges, two key issues would be vaccine uptake and monitoring, said Kang.

“Vaccine uptake requires confidence in the vaccines and the delivery system, and we seem to sway from vaccines being the ultimate solution (which they may not be) to vaccines being developed so rapidly and with many short-cuts so they must necessarily be unsafe and untested (which is not true),” said Kang. “Also, documentation of vaccination and the tracking and investigation of vaccine safety events are essential components of monitoring which have traditionally not been done well. So thinking through the external monitoring or support mechanisms would be helpful.”

Also Read : COVID VACCINE MAY BE READY IN FEW WEEKS;SAID PM MODI

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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