RBI lowers inflation projection to 2.7-3.2 pc in H2 FY19
The Reserve Bank Wednesday lowered retail inflation projection in the range of 2.7-3.2 per cent for the second half of the current fiscal, citing normal monsoon and moderate food prices.
It said the projected inflation path remains unchanged after adjusting for the HRA impact of central government employees as this impact dissipates completely from December 2018 onwards. Image: Reuters