Rounak Jain05 Aug 2022, 15:39
RBI governor Shaktikanta Das sounded a cautionary note for the global economy, underlining that globalized inflation could unravel it. The pandemic had already put immense stress on global supply chains, and now the Russia-Ukraine war has further worsened this situation, Das implied. RBI made the statement while announcing the third repo rate hike since May, taking the total to 140 basis points.