The Reserve Bank of India (RBI) announced its first bi-monthly monetary policy for the current financial year on Wednesday. The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, began its three-day deliberations on Monday, weighing critical factors such as the repo rate, liquidity conditions, CPI inflation, and the GDP growth outlook. Adding to the uncertainty, US President Donald Trump last week triggered global concerns by announcing sweeping ‘reciprocal tariffs’ on nearly all imports from over 180 countries. These hefty 27% tariffs, coming into effect on the same day as the RBI’s policy announcement, have heightened fears of a full-blown trade war and a potential global recession.
first published: Apr 9, 2025 09:51 am
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