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The Times of India

Business

PTI

RBI projects retail inflation at 4.5% in FY23

RBI Reserve Bank of India Reserve Bank Shaktikanta Das

MUMBAI: The Reserve Bank of India on Thursday said inflation based on consumer price index (CPI) is expected to come well below its upper tolerance level, at 4.5 per cent, in the next fiscal year beginning April 2022, helped by better fresh crop arrivals, supply-side interventions, as well as prospects of a good monsoon.

Albeit, the global crude oil prices may play truant.

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