Monetary Policy Review April 2022: GDP - RBI lowers growth forecast to 7.2 percent for FY23 amid geopolitical uncertainty
The Reserve Bank on Friday slashed economic growth projection to 7.2 percent for the current fiscal from 7.8 percent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war.
The RBI on Friday kept the benchmark interest rate unchanged at 4 percent. Pic: Reuters and IANS