RBI Monetary Policy Decoded: Growth forecast cut, inflation raised - RBI raises  the red flag on global hits

Growth worries from Ukraine war, China's rising covid leads the RBI to trim GDP expectation from the current year. Forecast lowered to 7.2% vs 7.8% previously

• 10-year bond yield rises to 7%, highest since 2019
• Sensex, Nifty give up early morning gains
• Bets on higher rates as RBI cuts growth forecast, raises price rise outlook

• FY23 GDP growth target reduced to 7.2%
• RBI downgrades growth forecast for the current financial year
• RBI Governor says: war, rising covid in some countries to hit recovery in India

RBI keeps policy rate unchanged, stance remains accommodative

Global economy has seen techtonic shifts due to the Ukraine-Russia war. Shortages in key commodities and fears of de-globalisation face us.

In February, CPI was at an 8-month and food at a 15-month high. March inflation is also expected to clock above 6%, marking the third month of inflation at 'tolerance level'. RBI expected to raise inflation outlook while pulling down growth estimates.

Sensex Nifty Open positive ahead of RBI policy. Sensex in the green with a 200 jump up. All eyes on financial stocks as Nifty gains 50 points but banks underperform

The RBI to take in account rising prices for fuel, food and daily essentials. Ukraine war adding to external shocks of inflation, already at 6%. Federal Reserve seen tightening rates by 50 bps in upcoming meet

Markets do not expect a hike in lending rates, Repo rate is likely to be remain unchanged. 

Ukraine-Russia war, soaring inflation and a tightening Fed Policy will all play a critical role as the RBI reveals it's rate and inflation outlook for the year. 

SGX Nifty signals a cautious to negative start to the markets ahead of the Reserve Bank of India meet. Repo rate hike is not expected, minority expect a hike in reverse repo from the RBI. 

Shaktikanta Das to hold a press briefing at 10 am to announce the MPC decision on rates and guidance at the first RBI meet for the new fiscal year

The spotlight shifts to Mint Street as the Reserve Bank of India (RBI) gears to deliver its monetary policy on Friday, April 8. Even though experts believe the central bank may maintain a status quo on the key lending rates, they say reverse repo could see a 15-25 basis points hike. Don't worry, this is a good news! Read full story