RBI MPC outcome: The Reserve Bank of India (RBI) on Wednesday, April 8, pegged the growth outlook for the new financial year 2026-27 (FY27) at 6.9% during the announcement of the April monetary policy committee meeting’s outcome. The figure was lower than 7.6% economic growth recorded in the previous fiscal year.
At the same time, RBI Governor Sanjay Malhotra pegged the inflation for the full financial year at 4.6%. He said that headline inflation remains contained and below the target. “However, upside risks to the inflation outlook driven by increased energy prices, pressures, and probable weather disturbances affecting food prices have increased.”
More to come…