RBI Inflation 2024: RBI holds inflation forecast at 4.5% – Stability or risk ahead?

RBI Inflation 2024: The Reserve Bank of India has maintained its inflation forecast at 4.5% for this fiscal year, despite concerns over rising food and oil prices. The RBI's decision to keep the repo rate unchanged at 6.5% stems from recent favorable domestic conditions and bountiful rains, aiming to sustainably align inflation with targets.