Title of the Research Paper: An Investigation into Impact of Repo Rate on Inflation Indices (WPI & CPI) in India during Pandemic and Post Pandemic phase

Abstract

The Covid-19 pandemic brought a completely abnormal situation which influenced all the major economic activities. The central banks around the globe tried their best with their respective policies to stabilize the economic activities in their respective countries. The Reserve Bank of India also brought major changes in its monetary policy to stabilize the economic variables. Thus the research paper is based on investigating the impact of changes in repo rate by the RBI on WPI and CPI so as to compare its impact on these two indices. The findings of the research paper suggest that the impact on repo rate on CPI and WPI is less than moderate; which is even far less in context of WPI.  Thus the RBI’s policy of inflation targeting through changes in repo rates is far from effective during the period of study.