#RBI Announces Hike In FY27 #CPI #Inflation Forecast Amid Rising #crudeoilprices (opens in new tab)

RBI Governor Sanjay Malhotra has raised the CPI inflation projection for the current year to 5\.1%, about 50 basis points higher than the previous forecast\. He cited surging global crude oil prices as the key reason, stating that the Indian basket has averaged around $110 per barrel in the last two months, significantly higher than earlier assumptions\. This revision comes amid ongoing global uncertainties and the impact of the West Asia conflict on energy markets\. Watch RBI Governor \#Sanj...