The Monetary Policy Committee raised its forecast due to higher crude oil prices. Global supply chain disruptions, commodity price shocks, uncertainty over distribution of southwest monsoon, and El Niño conditions also pose upside risks, it said.
BasisPoint Insight
June 5, 2026 at 6:29 AM IST
istock.com
The central bank raised its inflation forecast and lowered its GDP projection as policymakers assessed the impact of higher energy prices, supply-chain disruptions and monsoon-related risks.
June 5, 2026 at 5:30 AM IST
Istock.com
The southwest monsoon may be deficient, but significant procurement in the past has ensured that India has adequate supply of foodgrain for her population.so
G. Chandrashekhar
June 4, 2026 at 9:27 AM IST