MPC minutes flag inflation worry; aim to bring CPI within target band by Q4

CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps

**EDS: SCREENSHOT FROM A VIDEO POSTED BY @RBI ON WEDNESDAY, JUNE 8, 2022.** Mumbai: Reserve Bank of India Governor Shaktikanta Das digitally delivers a statement. (PTI Photo)(

The minutes of the Monetary Policy Committee’s June 5-8 meeting expectedly showed an increased degree of concern among members regarding upside risks to India’s inflation amid surging commodity prices.


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First Published: Jun 22 2022 | 6:04 PM IST

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