RBI holds rates, stance; inflation back in focus

The central bank raised its FY23 inflation estimate and lowered that for economic growth, warning that those forecasts were based on oil at $100 a barrel. The RBI said it will have a "nimble-footed" approach to liquidity, introducing the Standing Deposit Facility (SDF) to manage excess cash in the system.

from Economy-News-Economic Times https://ift.tt/wQEspHZ
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