Monsoon, El-Nino and Interest Rates: HT Decodes RBI Arithmetic on Inflation

The Reserve Bank of India recently decided to leave the repo rate unchanged at 6.5%. However, the RBI expressed concern over the inflation and retained FY24 GDP growth forecast at 6.5%, while it expects FY24 CPI inflation to be at 5.1%. In another worrying development, El Nino has arrived after a gap of seven years, raising the fears of extreme heat and droughts. All this and more in this episode of HT Decode with Editor-in-Chief R Sukumar. Watch.