💨 Abstract

The Reserve Bank of India lowered its inflation projection for the current fiscal year to 4% from 4.2%, citing good agricultural output and falling crude prices. Retail inflation decreased by 1.6 percentage points from December 2024 to February 2025, with food inflation at a 21-month low of 3.8%. The RBI expects a durable softening in food inflation due to record wheat production and higher pulse output.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖