RBI Monetary Policy: Will not get relief from inflation now! RBI estimates inflation rate for FY23 at 5.7%

In the announcement of its monetary policy, the Reserve Bank of India has reduced the GDP growth rate estimate for the financial year 2023. RBI Governor Shaktikanta Das said after the meeting of the monetary policy that the GDP growth estimate for FY23 has been reduced from 7.8 percent to 7.2 percent. Along with this, he has also estimated the inflation rate to be up to 5.7 percent.