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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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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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