The Hindu Editorial (Focus on inflation) – Oct 06, 2018

The Reserve Bank of India pulled a surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%.  For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Focus on inflation) – Oct 06, 2018.

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Today’s word list-1 for The Hindu Editorial (Focus on inflation) – Oct 06, 2018:

1. inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
2. stick to (phrasal verb) – abide by, keep, adhere to.
3. pull a surprise on someone (phrase) – surprise someone by doing something unexpected.
4. benchmark (adjective) – standard, basis, model.
5. stand pat (phrase) – sticking to the decision firmly.
6. calibrated (adjective) – assessed, adjusted, regulated.
7. consensus (noun) – an idea or opinion that is shared by all the people in a group. agreement, concurrence.
8. downtrend (noun) – decline, downturn, slump/nosedive.
9. take a hit  (phrase) – be affected/suffered badly.
10. bond yield (noun) – bond yield  is the annualized percentage return that an investor will obtain from buying a bond. In general, the yield of a bond is inversely proportional to its price. This means that as the yield increases, the price decreases (and vice versa).
11. notwithstanding (preposition) – in spite of, despite, regardless of.
12. reiterate (verb) – repeat, say again, restate.
13. financial stability (noun) – financial stability is a condition where the financial system is able to withstand internal or external economic shocks and also able to smoothly conduct its core tasks.
14. piecemeal (adjective & adverb) – a little at a time, bit by bit, in stages.
15. foreign exchange reserve or forex (noun) – Foreign exchange. Forex (exchange) reserves are the amounts of assets /money in foreign currencies that a country has in its central bank (in India, it is Reserve bank of India).
16. keep (powder) dry (phrase) – be prepared for an emergency.
17. prudent (adjective) – wise, sensible, careful/ far-sighted.
18. run-up to (noun) – a period/time before an important event.
19. spook  (verb) – shock, appal, panic/frighten.
20. fiscal deficit (noun) – In simple language, the difference between total revenue and total expenditure of the government is termed as fiscal deficit. it is the amount by which government expenses exceed income.
21. kick in (phrasal verb) – come into effect.
22. going forward (phrase) – from now on, in the future.
23. Federal Reserve (US) (noun) – the central banking system of the United States (The Reserve Bank of India (RBI) is India’s central banking institution).
24. juggle (verb) – cope with, deal with (by managing several activities cleverly).

Note:   

 1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

Today’s word list-1 for The Hindu Editorial (Focus on inflation) – Oct 06, 2018:

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