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Madan Sabnavis

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RBI MPC may hike inflation forecast, trim growth rate

While the majority of forecasters and market participants expect Reserve Bank of India's Monetary Policy Committee meeting to vote for a status quo on interest rates, the forthcoming MPC statement on June 5 will be observed minutely. With disruptions owing to the West Asia conflict now approaching 100 days, this is no longer a short-term disturbance that the central bank can look through. It will now have to factor in the impact of the crisis into its growth and inflation forecasts.

Times of India 9d ago