Inflation trajectory over rest of the year will be shaped by COVID: RBI

RBI Governor Shaktikanta Das during a press conference informed that the Inflation trajectory over rest of the year will be shaped by COVID-19 infections and impact of localised containment measures on supply chains and logistics.

Shaktikanta Das further said, "But even at this time, in run-up to next MPC (Monetary Policy Committee) when our teams are analysing various incoming data, we don't expect any broad deviation from projections made in our April MPC but you'll have to wait for MPC statement due in June 1st week."