The Reserve Bank of India is reviewing its inflation targeting framework, established in 2016, and seeks stakeholder input on potential adjustments. While acknowledging the success of the 4% target, the RBI is open to considering alternative benchmarks, including core inflation, and adjustments to the tolerance band. The review aims to improve macroeconomic outcomes amidst emerging global challenges.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires