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RBI’s challenge is steepened by a new matrix of global uncertainty

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 The upcoming Monetary Policy Committee (MPC) comes at a very crucial juncture. Domestic growth is  recovering but there are some signs of weakness. Consumer price inflation is likely to moderate, but core inflation remains sticky, even while food inflation keeps raising its ugly head. On the global front, economic uncertainties have spiked further up with the recent bank failures, raising the threat of a systemic failure in the financial sector.

 

-Livemint 3rd April, 2023.

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