RBI hikes FY25 inflation estimate to 4.8% amid food price concerns; CPI to remain elevated in Q3 – Times of India
NEW DELHI: The Reserve Bank of India (RBI) on Friday marginally increased its inflation forecast for the current fiscal year to 4.8 per cent from the earlier projection of 4.5 per cent, attributing the adjustment to a sharp rise in September and October 2024, fueled by an unexpected spike in food prices and weakened consumption…