RBI Monetary Policy Committee meeting: The Reserve Bank of India (RBI) maintained its 5.4% inflation projection for 2023–2024.
Governor of the Reserve Bank of India Shaktikanta Das stated that they are projecting CPI inflation at 5.4% with the fourth quarter that is the current quarter projection of 5%. Now, assuming a typical monsoon for the upcoming year, CPI inflation is predicted to be 4.5% for the upcoming fiscal year 2024–2025, with Q1 at 5%, Q2 at 4%, Q3 at 4.6%, and Q4 at 4.7%.
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