CPI Likely To Decline From 5.3% To 5.2% In FY24, Says RBI Governor

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has projected inflation for FY24 to drop to 5.2 per cent from 5.3 per cent forecast in February policy. RBI Governor Shaktikanta Das said that Reserve Bank is aiming to bring inflation towards the medium-term target of 4% by 2024.