Highlights

  • RBI Governor Shaktikanta Das address briefing at 2 pm
  • CRR, rate hike buzz take over Dalal Street

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RBI surprise briefing at 2 pm: Market buzzing with rate hike worries

CPI for March was much above estimates at 6.95% 

Reserve Bank of India(RBI) Governor Shaktikanta Das will make a statement today at 2 pm, the central bank alerted via its social media handles.

The Governor's unscheduled briefing unsettled the market that is awaiting a 50 bps rate hike from US central bank, Federal Reserve later tonight.

RBI's statement comes as inflation has been running above the central bank's 'tolerance' range for over 3 months now.

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The last time the RBI made an out of turn statement was at the peak of the first lockdown in 2020.

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