RBI Governor will make a statement at 2 pm on Wednesday. The RBI Governor will speak at a time when the global inflationary headwinds pose a challenge for India’s economic recovery. India’s inflation has surged above the RBI’s comfort level of 6 per cent for three months is a row. The murmurs of a rate hike have gained strength with most expecting a 25 bps rate hike in June policy review.
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