Shaktikanta Das Clarifies That RBI Decisions Independent Of U.S. Federal Reserve

"The US Fed’s terminal rate is important for the whole world. But our policies are primarily determined by domestic factors. We don’t look at the Fed’s decision and then take our decision," RBI Governor Shaktikanta Das said. Catch Anand Adhikari, Managing Editor, Business Today Magazine in conversation with RBI Governor Das. Today, RBI Governor Das announced that the RBI monetary policy committee has raised the repo rate by 35 basis points to 6.25% amid elevated inflation, geopolitical tensions, and fears of a global recession. While the FY23 inflation forecast is kept unchanged at 6.7% despite a minor upward revision to Q3FY23 & Q4FY23 forecasts, the GDP growth forecast for FY23 has been cut from 7.1% to 6.8% amid global headwinds.