RBI raises inflation forecast, cuts growth estimates: Is it time to rethink your mutual fund portfolio?
New Delhi, June 9 -- RBI, in its latest bi-monthly monetary policy statement, has kept the repo rate unchanged at 5.25%. However, the central bank struck a cautious tone on the economic outlook, highlighting rising global uncertainties and inflationary risks.
According to the Governor's statement on 5 June, during the RBI's Monetary Policy Committee (MPC) meeting, "Global economic outlook remains clouded by the continuing geopolitical impasse in West Asia, as sharply escalating energy prices and global supply chain disruptions continue to hinder economic activity. Faced with difficult trade-offs, monetary policy has turned more cautious."
Reflecting these concerns, the RBI revised its CPI inflation forecast for FY27 upwards from 4.6% to...
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