India poised to rebound to 8% growth trend: RBI Deputy Governor Patra

Quick Summary:

However, retail inflation surged to a nine-month high of 5.49 per cent in September, driven by rising food prices and base effect.

India's foreign exchange reserves reached an all-time high of $704.9 billion on September 27, 2024, before slightly declining to $690.4 billion as of October 11.

Thereafter, there is a strong likelihood that India’s growth will revert to the 8 per cent trend.

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Category: BusinessFinance

Markets: IndiaChina

Topics: RBI Federal Reserve Bank Headline inflation Pandemic recovery Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 17:59:21 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23201334

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