- The Index of Industrial Production (IIP) slipped to 3.1% in September after witnessing a growth of 11.9% on August 2021. While the slippage was mainly due to the waning low base effect, setbacks in automobiles sector due to chip shortage and electronics sectors were also to be blamed.
- India’s Retail Inflation, CPI, fell to 4.35% in September as food prices dropped as against 5.30% in August 2021. However the wholesale price-based inflation spiked to 5-month high of 12.54% in October because of the rise in prices of manufactured products and crude petroleum.
- On October 29, Government of India has reappointed Shaktikanta Das as RBI Governor for further 3 years. The step will be looked at to provide policy continuity and stability in RBI.
- Monetary policy committee decided to keep the policy repo rate unchanged at 4% and to continue with the accommodative stance in its meeting held on October 8, 2021.
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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