Upcoming RBI policy likely to be the most crucial after March 2020: Key indicators to watch

Reserve Bank of India (RBI) Governor Shaktikanta Das will unveil the first monetary policy of the new financial year on Friday, April 8, after a two-day review amid concern over inflation that is quickening on the back of higher crude oil and other commodity prices.

The review by the six-member Monetary Policy Committee (MPC) led by Das will likely indicate the course RBI will adopt in the remainder of financial year 2023 as it seeks to strike a fine balance between sustaining growth and curbing inflationary pressures in the economy.

This week’s monetary policy announcement is seen as the most crucial since the one announced by RBI in March 2020 when COVID-19 was reaching Indian shores after sparking worldwide concern over its impact on global growth.