RBI not ‘behind the curve’ in hiking rate; never wise to overreact to shocks: Ashima Goyal
2 years, 7 months ago

RBI not ‘behind the curve’ in hiking rate; never wise to overreact to shocks: Ashima Goyal

The Hindu  

The Reserve Bank of India is not “behind the curve” in hiking interest rate to tackle rising inflation, Monetary Policy Committee member Ashima Goyal said on Sunday and asserted that it is never wise to overreact to shocks when the economic recovery is shaky post the coronavirus pandemic. While acknowledging that India is “especially vulnerable” to the combination of food and crude oil inflation unleashed by the Russia-Ukraine war, Ms. Goyal, also an eminent economist, said rate hikes should be aligned with the economic recovery. While noting that Inflation has just exceeded RBI’s tolerance band due to the protracted Ukraine-Russia war, Ms. Goyal said Indian demand and wages are ‘soft’. Noting that markets overreact to fears and had already priced in large rate hikes, Ms. Goyal said, “MPC action at that juncture may have led to sharp rate rises and excess volatility in markets.” India is “especially vulnerable to the combination of food and crude oil inflation that the war has unleashed,” she noted.

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History of this topic

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 2 days ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 6 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 6 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
3 weeks ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

India rates market signals easing, likely via liquidity, after weak growth data
Trending News
3 weeks, 1 day ago

India rates market signals easing, likely via liquidity, after weak growth data

Live Mint  

By Dharamraj Dhutia MUMBAI, - The drop in India's benchmark bond yields and swap rates signals the central bank may address weaker-than-expected economic growth by easing monetary policy, which, traders say, will likely be via a lower cash reserve ratio than by interest rate cuts. WHY IT'S IMPORTANT The Reserve Bank of India's monetary policy decision is due on Friday …

India in economic sweet spot amid global headwinds: Moody’s
1 month, 1 week ago

India in economic sweet spot amid global headwinds: Moody’s

Live Mint  

New Delhi: India’s economy is in a sweet spot, growing at 7.2% in 2024 with inflation moderating despite a temporary spurt, Moody’s Investors Service India Pvt. According to Moody’s global macro outlook for 2025-26, India’s economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle. Despite …

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge
1 month, 1 week ago

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

Live Mint  

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Annual retail inflation as measured by the consumer price index likely rose a second straight month to 5.81% in …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
1 month, 3 weeks ago

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors

Hindustan Times  

India's economy performed satisfactorily in the first half of the current financial year, according to the finance ministry's monthly economic report released Monday. However, the ministry warned of potential disruptions from geopolitical conflicts, rising geo-economic fragmentation and elevated valuations in financial markets of some advanced economies.

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation
3 months, 1 week ago

'We Still Have Distance To Cover', Says RBI Guv Shaktikanta Das Amid Moderate Inflation

News 18  

Inflation in India has moderated but still, there is a distance to cover, Reserve Bank Governor Shaktikanta Das said on Friday. “Inflation has moderated from its peak of 7.8% in April 2022 into the tolerance band of +/- 2% around the target of 4%, but we still have a distance to cover and cannot afford to look the other way,” …

Explained: Why Economic Survey 2024 has taken a cautious stance
5 months ago

Explained: Why Economic Survey 2024 has taken a cautious stance

India Today  

The Economic Survey 2023-24 has adopted a more cautious stance on India’s growth prospects, projecting an expansion of 6.5% to 7% for the fiscal year. Chief Economic Adviser V. Anantha Nageswaran highlighted that while the Indian economy remains resilient, it faces potential challenges from geopolitical uncertainties and the risk of cheaper imports that could impact private capital formation. "The Indian …

India is the bright spot in sluggish economy
8 months, 1 week ago

India is the bright spot in sluggish economy

Hindustan Times  

The April edition of IMF’s World Economic Outlook shows that the global economy has done better in the year than how the Fund expected it to do. Policymakers will have to be cautious in dialling back on monetary tightening, and be mindful of the growing national debt burden, especially in advanced countries. All this will have to be done while …

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das
1 year, 1 month ago

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on November 9 said economic growth in India is getting stronger foothold while inflation is also coming under control driven by the inherent dynamism and a prudent policy mix. Driven by its inherent dynamism and supported by a prudent policy mix, growth is getting stronger foothold while inflation is also coming under control," the governor …

Tightrope walk: The Hindu Editorial on RBI holding rates
1 year, 2 months ago

Tightrope walk: The Hindu Editorial on RBI holding rates

The Hindu  

The decision of the RBI’s Monetary Policy Committee to leave interest rates unchanged even as the central bank warned of the major risk that ‘high inflation’ poses to macroeconomic stability is a clear sign that monetary authorities find themselves caught in a cleft stick. After a relatively benign first quarter, when headline retail inflation averaged 4.63% as against the RBI’s …

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance
1 year, 2 months ago

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance

India Today  

The Reserve Bank of India's Monetary Policy Committee is expected to maintain key interest rates in its upcoming decision but maintain focus on inflation amid rising global crude oil prices and sustained economic growth. In a survey of 71 economists conducted by news agency Reuters in late September, all but one anticipated that the RBI would keep its key repo …

Poor monsoon can spike food inflation; can it push RBI to hike rates?
1 year, 3 months ago

Poor monsoon can spike food inflation; can it push RBI to hike rates?

Live Mint  

Monsoon this year to expected to remain weak because of the El Nino phenomenon. India's consumer price index inflation, or retail inflation, surged sharply to a 15-month high peak of 7.44 per cent in July 2023, driven by high food and vegetable prices. Hajra, however, added that the impact of a suboptimal monsoon on inflation can be substantial as food …

Modi Government Bats on Front Foot to Combat Rising Inflation in India - News18
1 year, 4 months ago

Modi Government Bats on Front Foot to Combat Rising Inflation in India - News18

News 18  

Inflation is a global concern and quite a big one at that. The figures breached the upper end of the RBI’s inflation band of 2 to 6 per cent for the first time in five months. RBI NOT JUMPING THE GUN YET Around the world, the Central banks of various countries were rather immediate in rolling out interest rate hikes …

Forget US Fed rate cut, there may be two hikes; should you change your strategy?
1 year, 6 months ago

Forget US Fed rate cut, there may be two hikes; should you change your strategy?

Live Mint  

The US Fed skipped hiking interest rates on June 14 on expected lines but its hawkish tone appears to have dented market sentiment. However, Federal Reserve Chairman Jerome Powell said the central bank thinks some further rate increases will be appropriate this year to bring inflation down to two per cent. "Looking ahead, nearly all committee participants view it as …

RBI holds rates, vows to keep price stability
1 year, 6 months ago

RBI holds rates, vows to keep price stability

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, on June 8 decided to keep the policy repo rate under the liquidity adjustment facility unchanged at 6.50% The standing deposit facility rate remains unchanged at 6.25% and the marginal standing facility rate and the Bank Rate …

RBI holds rates but signals tight monetary policy ahead
1 year, 6 months ago

RBI holds rates but signals tight monetary policy ahead

Hindustan Times  

India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. The RBI maintained its policy stance of "withdrawal of accommodation" to ensure inflation progressively aligns with the committee's target while remaining …

Inflation has moderated, but no room for complacency: RBI chief Shaktikanta Das
1 year, 7 months ago

Inflation has moderated, but no room for complacency: RBI chief Shaktikanta Das

India Today  

India's inflation has moderated, but the central bank cannot be complacent towards easing price pressures yet as potential weather-related uncertainties linger, the governor of the Reserve Bank of India said on Wednesday. "The war on inflation is not over; we have to remain alert," Shaktikanta Das said at an event in New Delhi. This month's retail inflation data, scheduled to …

India's economic growth to slow down considerably this year: Economists
1 year, 8 months ago

India's economic growth to slow down considerably this year: Economists

India Today  

Top global institutions have forecast India to be the fastest-growing economy in FY24, as the country remains resilient from global shocks that have brought major economies to their heels. India’s domestic growth prospects remain robust, but economists feel that there is no escaping the cascading impact of the global economic slowdown, which could hurt various key segments of growth. The …

RBI to keep interest rates unchanged through year-end: Poll
1 year, 8 months ago

RBI to keep interest rates unchanged through year-end: Poll

Hindustan Times  

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Reserve Bank of India Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged …

DC Edit | Sweet relief for borrowers
1 year, 8 months ago

DC Edit | Sweet relief for borrowers

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee sprang a surprise on people by pausing the expected repo rate hike. The MPC had increased the repo rate — the interest rate that RBI charges to lend money to banks — by 250 basis points in six sessions over the last one year — which increased the rate from four per …

Inflation may force RBI to hike rate once again
1 year, 8 months ago

Inflation may force RBI to hike rate once again

Deccan Chronicle  

Mumbai: It will be a catch-22 situation for India’s rate setting panel when it meets for three days — beginning on Monday — to decide on the benchmark interest rates in the country. According to economists, the six-member Monetary Policy Committee of the Reserve Bank of India may hike the repo rate by 25 basis points on Thursday and then …

Lessons from the US bank crisis
1 year, 8 months ago

Lessons from the US bank crisis

Hindustan Times  

Last week ended with the United States Federal Reserve raising interest rates by 25 basis points once again, taking the cumulative rate increase to 4.75 percentage points in the current cycle. Had the latest federal open market committee meeting not been preceded by two bank failures and the possibility of a crisis in many others, the rate hike would have …

India's economy faces consumption hurdle as RBI focuses on tackling inflation
1 year, 9 months ago

India's economy faces consumption hurdle as RBI focuses on tackling inflation

India Today  

A slowdown in consumption has put India’s world-beating economic growth at risk. In fact, eight high-frequency indicators tracked by Bloomberg highlighted moderating credit growth, weaker tax revenues and a rising unemployment rate. Impact of demand slowdown on growth India’s GDP growth has been weakening over the past few quarters, and it slowed to 4.4 per cent in the December quarter. …

Inflation expected to come down over the year: RBI MPC member Ashima Goyal
1 year, 9 months ago

Inflation expected to come down over the year: RBI MPC member Ashima Goyal

Deccan Chronicle  

New Delhi: Inflation is expected to come down over the year, RBI Monetary Policy Committee member Ashima Goyal said on Sunday, asserting that the government's supply-side action coordinated with a flexible inflation-targeting regime has kept the rate of price rise lower than that in other countries. "Since nominal policy rates rise with inflation to maintain an expected real positive rate …

Don’t forget growth in race to curb inflation
1 year, 10 months ago

Don’t forget growth in race to curb inflation

New Indian Express  

Amid the ongoing fight against inflation, will the elevated interest rates cripple demand and lead the country to unacceptably low economic growth? Two external members of the MPC, who voted against the hike, cautioned that the excessive front-loading of rate hikes carries the risk of overshooting, while four other MPC members espoused the hike. Ashima Goyal, an MPC member and …

CPI Inflation Again Above 6%: Will RBI MPC Pause Repo Rate Hikes in April?
1 year, 10 months ago

CPI Inflation Again Above 6%: Will RBI MPC Pause Repo Rate Hikes in April?

News 18  

Even as the retail inflation in January 2023 has jumped to a three-month high of 6.52 per cent after remaining under the RBI’s comfort zone for two consecutive months, experts said the RBI MPC is now unlikely to pause the repo rate hikes. Aditi Nayar, chief economist and head at ICRA, said, “The Consumer Price Index -based inflation recorded a …

RBI lifts loan costs to tame inflation
1 year, 10 months ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%
1 year, 10 months ago

Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%

India TV News  

RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. RBI Governor Shaktikanta Das, who also announced the bi-monthly monetary policy, said that the Monetary Policy Committee unanimously resolved to hike the policy repo rate by 25 basis points and keep a "strong surveillance" on …

RBI to hike repo rate by 25 bps in Feb amid moderating inflation: Barclays
1 year, 10 months ago

RBI to hike repo rate by 25 bps in Feb amid moderating inflation: Barclays

Live Mint  

The Reserve Bank of India's Monetary Policy Committee is expected to deliver another 25 basis points rate hike at the 6-8 February meeting, bringing the repo rate to 6.50%, with the need for larger hikes declining rapidly amid falling inflation and moderating imported price headwinds, said Barclays in a report. The London-headquartered banks expects the February rate hike to be …

Indian economy poised for further growth in 2023 despite global headwinds
1 year, 11 months ago

Indian economy poised for further growth in 2023 despite global headwinds

Deccan Chronicle  

NEW DELHI: The Indian economy recovered from the COVID-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against …

Explained | Is the economy driving with the brakes on?
1 year, 11 months ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

RBI must keep playing it safe
2 years ago

RBI must keep playing it safe

Hindustan Times  

The last three years have shown why fiscal and monetary policy have to remain conservative and nimble, and why policymakers themselves have to be resolute. Last week, the monetary policy committee of the Reserve Bank of India raised the interest rate by 0.35 percentage points to 6.25% and, according to its policy statement, “decided to remain focused on withdrawal of …

EMIs to rise as RBI hikes interest rate again albeit at a slower pace
2 years ago

EMIs to rise as RBI hikes interest rate again albeit at a slower pace

Deccan Chronicle  

MUMBAI: The RBI on Wednesday expectedly slowed the pace of increase in borrowing costs in signs that rates may be nearing the peak, even as it reiterated its resolve to fight inflation that has stayed above the comfort zone for 10 straight months. The monetary policy committee, comprising three members from the RBI and three external members, raised the key …

RBI Monetary Policy: Central Bank Retains Consumer Price Inflation Forecast At 6.7% For FY23
2 years ago

RBI Monetary Policy: Central Bank Retains Consumer Price Inflation Forecast At 6.7% For FY23

ABP News  

The Reserve Bank of India on Wednesday retained its retail inflation forecast for the current financial year at 6.7 per cent. TheMonetary Policy Committee, led by Governor Shaktikanta Das, on Wednesday announced that the central bank raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to contain inflation, which has remained above its …

RBI sticks to fighting inflation with slower rate hike of 35 basis points
2 years ago

RBI sticks to fighting inflation with slower rate hike of 35 basis points

Hindustan Times  

India’s central bank reiterated its resolve to fight inflation, while slowing the pace of increase in borrowing costs in a signal it’s nearing the peak rate. The Reserve Bank of India’s six-member Monetary Policy Committee voted 5-1 to raise the benchmark repurchase rate by 35 basis points to 6.25%, as predicted by 32 of 39 economists surveyed by Bloomberg. Although …

RBI hikes benchmark lending rate by 35 basis points to tame inflation
2 years ago

RBI hikes benchmark lending rate by 35 basis points to tame inflation

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index …

RBI increases key lending rate by 35 bps, pegs GDP growth at 6.8%
2 years ago

RBI increases key lending rate by 35 bps, pegs GDP growth at 6.8%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on December 7 increased the repo rate by 35 basis points to 6.25%, and the Standing Deposit Facility stands raised to 6%. The Ukraine invasion by Russiais a black swan event that severely affected energy and food prices around the world.” Though prices have receded somewhat, inflation remains high. Going …

RBI rate hikes to contain price rise; inflation to fall below 6 pc next year
2 years, 2 months ago

RBI rate hikes to contain price rise; inflation to fall below 6 pc next year

India TV News  

RBI to contain rate hike: RBI Monetary Policy Committee member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year. Current projections show inflation falling below 6 per cent next year," Goyal said. …

RBI Bulletin: Battle Against Surging Inflation Will Be Dogged, Prolonged
2 years, 2 months ago

RBI Bulletin: Battle Against Surging Inflation Will Be Dogged, Prolonged

ABP News  

The Reserve Bank of India in its article on Monday said that the battle against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates. Retail inflation spiked to 7.41 per cent in September, remaining above central bank’s upper tolerance level of 6 per cent for the ninth month in a row. With …

Boxed in: The Hindu Editorial on need for inflation control as top policy priority
2 years, 2 months ago

Boxed in: The Hindu Editorial on need for inflation control as top policy priority

The Hindu  

The Reserve Bank of India’s rate decision on Friday was ultimately inevitable. RBI Governor Shaktikanta Das cited the ‘aggressive monetary policy actions and even more aggressive communication from advanced economy central banks’ as a third shock -- following the pandemic and Russia’s invasion of Ukraine — which he said had thrust the ‘global economy into the eye of a new …

DC Edit | Relief from inflation unlikely
2 years, 2 months ago

DC Edit | Relief from inflation unlikely

Deccan Chronicle  

As expected, RBI governor Shaktikanta Das-led Monetary Policy Committee hiked the repo rate by 50 basis points to 5.90 per cent to cool down inflation which remains above the comfort level of the central bank. The four rate hikes cumulatively increased the repo rate — the rate at which RBI lends money to banks — to 5.90 per cent from …

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes
2 years, 2 months ago

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes

Hindustan Times  

The Reserve Bank of India on Friday hiked the key lending rate – the repo rate – by 50 basis points to a 3-year-high of 5.9 per cent. Announcing the move, which was among several decisions taken during the RBI's Monetary Policy Committee meet earlier this month, with the announcements being made today, Das also said that in the next …

Why the RBI is unlikely to slow down in curbing inflation
2 years, 2 months ago

Why the RBI is unlikely to slow down in curbing inflation

Live Mint  

Global growth is slowing rapidly, inflation is stubbornly high and central banks in developed nations are hiking interest rates by magnitudes not seen in decades. At other times, new data sources are introduced to make statistics more accurate, particularly to capture India’s informal sector better. Why the wait for new trade policy just got longer Busted: The myth of India …

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB
2 years, 2 months ago

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB

The Hindu  

With economic activity still to reach pre-pandemic levels, the RBI may slow down the pace of rate hikes until next year to quell soaring inflation while supporting growth, the Asian Development Bank says in its latest report. Even though supply pressures are expected to ease in the current fiscal year, upward pressure on inflation could continue because of demand-side pressures …

How much can Indian market resist Fed rate-hike impacts?
2 years, 3 months ago

How much can Indian market resist Fed rate-hike impacts?

Live Mint  

The US Federal Reserve’s battle against inflation is getting fierce. However, Fed chairman Jerome Powell’s comments emphasized that interest rates are likely to keep rising in the near future to curb inflation. After all, a rising interest rate trajectory means a stronger US dollar and this in turn means equity assets and emerging markets would become less attractive options for …

Front-loaded rate increases needed to curb inflation, RBI officials
2 years, 3 months ago

Front-loaded rate increases needed to curb inflation, RBI officials

The Hindu  

The Reserve Bank of India said on Friday it will have to front-load its monetary policy to fight stubborn inflation and shield medium-term growth in the world's fifth-largest economy. Inflation in India has remained above the apex bank's tolerance level since January, prompting it to raise interest rates by a total of 140 basis points in the current cycle. "Front-loading …

Escalation of geopolitical tensions biggest risk to India's growth outlook: RBI Monetary Policy Committee member
2 years, 4 months ago

Escalation of geopolitical tensions biggest risk to India's growth outlook: RBI Monetary Policy Committee member

Firstpost  

The Reserve Bank in its latest MPC meeting in August had decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent to quell inflation New Delhi: The biggest risk to India’s growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee member Jayanth R …

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