RBI in its fifth bi monthly review of this fiscal kept repo rate unchanged at 6 pc and reverse repo at 5.The report further noted that China xps shower tray Manufacturers the government will breach his fiscal deficit target of 3.3 per cent fiscal deficit for the next fiscal.3-4..It further added that "we do not see much inflationary impact from the higher customs duty on mobile handsets, TV panels, processed food".75 pc. Fiscal deficit estimate for 2017-18 has been re-calibrated to 3."Although the market is spooked by the announced increase in MSP prices, the actual inflationary impact is likely to be far more moderate, as the ruling market prices are higher in many cases," BofAML said in a research note.2 per cent of the budget estimate for that year.5 per cent, in 2018-19, in the run-up to the 2019 polls.7 per cent.According to Bank of America Merrill Lynch (BofAML), inflation risks are overdone and though inflation will climb to 5.4 per cent in the June quarter, it would be largely owing to base effects.Besides, the fiscal deficit estimate for 2017-18 has been re-calibrated to 3.5 per cent as against 3.On the Reserve Bank's policy stance the report said, a rate cut is likely in August as the MPC will want to wait for good rains, like 2017, given the added uncertainty about agflation."This (fiscal slippage) will largely be driven by lower- than-budgeted telecom proceeds, as well as tax collections," it added. (Photo: AFP) New Delhi: Inflationary impact due to the proposed hike in Minimum Support Price (MSP) for crops is likely to be "moderate" as the ruling market prices are higher in many cases, says a report.75 per cent while raising the inflation forecast for the remainder of 2017-18 to 4.Finance Minister Arun Jaitley projected 3.5 per cent as against 3.The Reserve Bank in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 per cent and reverse repo at 5.2 per cent of the budget estimate for that year.3 per cent of GDP by 20 bps, to 3