Monetary Policy: RBI ups inflation target for FY23 to 5.7% on rising global prices amidst geo-political tensions
The Reserve Bank of India on Friday raised the retail inflation target for the current financial year to 5.7 percent on the back of rising global prices amidst the ongoing geo-political tensions.
In its earlier policy review in February, the RBI had projected retail inflation to be at 4.5 percent in 2022-23. Pic: Reuters