RBI Monetary Policy Meeting: The Reserve Bank of India (RBI) maintained its inflation projection of 5.4% for 2023–2024.
Governor of the Reserve Bank of India Shaktikanta Das stated that they project CPI inflation at 5.4% with the fourth quarter which is the current quarter projection of 5%. Now, assuming a typical monsoon for next year, CPI inflation is forecast to be 4.5% for the next fiscal year 2024–2025, with Q1 at 5%, Q2 at 4%, Q3 at 4.6%, and Q4 at 4.7%.
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Published: 08 Feb 2024, 10:19 IST