Reserve Bank of India (RBI) has hiked the repo rate by 0.50%, taking it to 5.90% from 5.40%. It will result in raising interest on various loans such as housing, vehicle, personal, etc. leading to an increase in the EMI (Equated monthly instalment) for the borrowers.
Inflation might increase in the coming period. The rupee devalued greatly in the Share Market on 22nd September. The exchange rate for 1 USD is Rs 80.28 now.
It is necessary to understand the drought in the US, Europe, and China as a warning of an impending adverse time and thereby increase the efforts to perform spiritual practice (Sadhana) !
A great increase in prices in Pakistan due to the Floods
Citizens fearing situations like Sri Lanka might arise
BJP came into power on the agenda of inflation. In the 8 years of the BJP rule, inflation has reached heights. The prices of the essentials have doubled.
Several Congress MPs, including Rahul Gandhi, Priyanka Gandhi Vadra and others, who led the march from Parliament, detained
Sri Lanka is badly affected by the economic crisis which has resulted in tremendous inflation.
India is one of the biggest importers of edible oil. In the past week, despite the reduction in the import of edible oil, the demand was less and hence, the rates have reduced.
Russia is facing the highest inflation in the last twenty years. The prices of milk, vegetables, sugar, etc. have considerably increased.