April 9, 2025 2:30 PM
RBI cuts inflation forecast to 4% for FY26 on improved food outlook
The Reserve Bank of India (RBI) has revised its inflation forecast for 2025-26 to 4.0%, down from 4.2%, citing a significant improvement in the food inflation outlook, RBI Governor Sanjay Malhotra said on Wednesday. “Headline inflation moderated in January-February 2025 following a sharp correction in food inflation,” Malhotra stated, adding that uncertainties around Rabi crops have eased. Second advance estimates point to record wheat and higher pulse production, which, along with robust K...