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5th May 2022 00:10Emerging Asia, Daily Monitor

The RBI yesterday raised the policy repo rate by 40bp, to 4.40%, in an out-of-cycle meeting...

...The bigger-than-expected hike reflects an MPC playing catch-up, but June probably will be a hold.

The economy clearly is wobbling in the face of high oil prices; expect more hikes in 2023, than in 2022.

energy energy prices exports india inflation forecasts input costs interest rates June March monetary policy monetary policy committee mpc oil oil prices petroleum pmi policy rate hike rbi repo total exports trade trade data us

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