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Repo rate, reverse repo rate remain unchanged amid Omicron threat

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Repo rate, reverse repo rate remain unchanged amid Omicron threat

The Governor of the Reserve Bank of India Shakti Kantadas said after the meeting that the Reserve Bank of India maintained its repo rate and reverse repo rate unchanged at the bimonthly policy review meeting on Wednesday. Das added that India is better prepared to fight the pandemic, and in several sectors, output before the pandemic has exceeded, and there is little demand for external financing. However, due to the emergence of a new Covid variant Omicron in some countries, and other reasons, policy support is needed.

As the central bank decides to maintain its easing stance, the repo rate will remain at 4% and the reverse repo rate will remain at 3.35%. MSF also remains unchanged. A 5:1 majority vote supports RBI’s relaxed position.

“The recovery interrupted by the second wave of pandemics is gaining traction, but it is not strong enough to be self-sustaining and durable. This underscores the importance of continued policy support,” the governor said.

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The last time the Reserve Bank of India changed these key lending rates was in May 2020. When the Reserve Bank of India last changed its policy interest rate, India’s GDP fell by 24.4%. Seeing the recovery, the economy grew by 20.1% in the April-June 2021 quarter. In the July-September quarter of 2021, GDP grew by 8.4%, while it contracted by 7.4% in the same period last year. As the central and local governments cut fuel taxes, the inflation rate has been within RBI’s 2-6% target range. However, the damage to food crops caused by heavy rains and rising prices in the telecommunications industry may once again push up inflation.

Consumer prices rose by 4.48% year-on-year in October, up from 4.35% in September. The new Covid-19 strain Omicron, first discovered by South African scientists, is seen as the next potential uncertainty factor in the Indian economy. This variant was first reported from South Africa and has been listed as a variant of concern by the World Health Organization. It spread rapidly in India, and Omicron cases have been reported in Delhi, Maharashtra, Karnataka, Rajasthan, and Gujarat.

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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