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Inflation outlook highly uncertain says RBI Governor

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Mumbai, May 22: Reserve Bank Governor Shaktikanta Das on Friday said the inflation outlook is highly uncertain due to the outbreak of the COVID-19 pandemic and expressed concern over elevated prices of pulses.

Inflation outlook highly uncertain says RBI Governor
    RBI slashes repo rates by 40 basis points to 4% to boost growth, other measure

    He also said there is a need to review import duties to moderate prices.

    Highlights: RBI cuts repo rate by 40 bps; extends loan moratorium till August

    Headline inflation may remain firm in the first half of the year and may ease in second half. Inflation may fall below 4 per cent in the third or fourth quarter of the current fiscal, according to the Governor.

    Further, Das said government revenues have been impacted severely due to the slowdown in economic activity amid the pandemic.

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