RBI governor's press briefing on the projected positive growth; GDP for FY 22 to be at 10.5%

RBI governor ShaktiKanta Das addressed a press briefing today and stated that for the current quarter their projection is that the CPI inflation by 5.2% and the range for H1 is 5.2% -5%. He further adds that for the Q3 of the next year, they are projecting 4.3%. The risks would be broadly balanced is what the RBI is assessing. By March 2021, the Government of India will be reviewing the inflation target for the next five years. GDP growth for FY 22 is projected at 10.5%. RBI governor also provides guidelines in connection with the liquidity situation and RBI's approach to liquidity management.

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