Most of the risk of inflation appeared to emerge from the crisis due to the Ukraine-Russian war. Repo level – Rates at which RBI lent to banks – is 5.15 percent in February 2020 before Pandemic.

With inflation seen as a “biggest threat” to the economy, the Reserve Bank of India (RBI) is considering reversing all the actions that are infused and cutting the level of policy-taken during the pandemic for the next 1-2 years, a source with knowledge about The development said. The CPI-based consumer price index or inflation has been more than 6 percent for three consecutive months in January-March 2022, and is expected to violate the 7 percent sign in April.