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In its monetary policy outcome tomorrow, the Reserve Bank of India is likely to revise its consumer price index (CPI) or retail inflation forecast from 5.7 per cent to 6.5 per cent plus for the current fiscal 2022-23.
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The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das started deliberations on the bi-monthly policy review on Tuesday
Below are the key takeaways from the monetary policy outcome.
The RBI’s Monetary Policy Committee (MPC) is to meet from 8-10 February. Meanwhile, in December, the Consumer Price Index spiked to a five-month high of 5.59%, while the Wholesale Price Index rose to 13.56%. Mint takes a look: