RBI Governor Shaktikanta Das will make a statement today at 2 p.m. in the backdrop of global inflationary concerns posing a challenge for India’s recovery.

It is not clear what the RBI Governor will address in his speech.

The address by the governor comes ahead of the US Federal Reserve outcome as it is likely to hike rate to address record inflation in the country.

The strengthening of the dollar index has also caused worry as the a weak domestic currency could risk higher imported inflation at a time when supply shortages are already putting pressure on the economy.

The RBI in its April policy review had revised the inflation outlook upwards to 5.7 per cent for FY23 and pared the economic growth to 7.2 per cent.