Inflation outlook is uncertain at this point, may ease by H2FY21, says RBI Guv Shaktikanta Das
Updated : May 22, 2020 12:21 PM IST
In a major move on Friday, the Reserve Bank of India reduced the repo rate by 40 basis points to 4 percent from 4.4 percent earlier.
The RBI Governor Shaktikanta Das also said that the inflation outlook currently is uncertain as COVID-19 pandemic has crippled the global economy.
He also added that the biggest blow from COVID-19 has been to private consumption.