Inflation is the rate at which an economy's overall price level of goods and services increases over time.

Monetary policy is the activities governed by the central bank that aim to influence the management of the money supply and the interest rates in the country. 

At 11.30 am on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher.  

Fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes, resulting in volatile risk sentiment around the world