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  1. Amid a global oil crunch due to Middle East conflict, the RBI faces pressure on inflation targets, leading to potential rate hikes and credit cycle tightening.

RBI Governor suggests lowering the long-term inflation target.

2 reports, 2 independent Updated Aug 1
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What happened

Some supportReported by 2 outlets

RBI Governor suggests lowering the long-term inflation target.

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  1. Sanjay Malhotra read out the Monetary Policy Committee (MPC) Statement.Sub-event
  2. Governor suggests adjusting the long-term inflation target.1 source

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