The Reserve Bank of India (RBI) on Friday maintained a status quo on rates for the seventh consecutive time and said it remains watchful of the developing geopolitical situation that may trigger a further rise in crude oil prices, thereby impacting the inflation trajectory in the country.

       After sustained moderation, cost-push pressures faced by firms are showing upward bias, said the RBI. Geopolitical tensions and volatility in financial markets also pose risks to the inflation outlook, it said.

       ALSO READ: RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady

       “Two years ago,

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