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RBI keeps repo rate unchanged at 4%, maintains ‘accommodative’ stance

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RBI keeps repo rate unchanged at 4%, maintains ‘accommodative’ stance

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 4% and the reverse repo rate at 3.35%, even during the second wave of coronavirus disease (Covid-19) After the wave, the economy showed signs of recovery.

The Governor of the Reserve Bank of India, Shaktikanta Das, announced the October bimonthly monetary policy statement at 10 am on this day, saying: “As long as it is necessary to restore and maintain growth and mitigate the impact of the Covid-19 pandemic , While ensuring inflation, the monetary policy stance will remain accommodative. Stay within the target range.”

This is the eighth consecutive time that MPC, led by Shaktikanta Das, Governor of the Reserve Bank of India, has maintained the status quo. The Reserve Bank of India last revised its policy repo rate or short-term loan rate on May 22, 2020, in a non-policy cycle to boost demand by reducing interest rates to historical lows. Last Friday, the Reserve Bank of India also maintained its forecast of a real GDP growth rate of 9.5% for the 2021-22 fiscal year.

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This includes 7.9% in the second quarter of the 2021-22 fiscal year, 6.8% in the third quarter, and 6.1% in the fourth quarter. The real GDP growth rate in the first quarter of fiscal year 2022-23 is expected to be 17.2%. The Governor of the Reserve Bank of India said at a press conference on Friday: “We have decided to keep the policy repo rate unchanged at 4%. The reverse repo rate remains at 3.35%.” He said that India’s economic recovery is gaining traction, adding that its situation is better than the prospects of the last MPC meeting.

“The growth momentum is strengthening and the inflation trajectory is more favorable than expected,” said Shaktikanta Das, Governor of the Reserve Bank of India. “Because the economic fundamentals of our economy are resilient, we hope to move towards a normal period.” The consumer price index (CPI) inflation rate for fiscal year 2022 is expected to be 5.3%, while the CPI inflation rate for the first quarter of fiscal year 2022-23 is expected to be 5.2%. With rising fuel prices, the retail inflation rate in August was 5.3%.

News Source : Hindustan Times

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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