For September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent.
For third quarter, inflation is estimated at 6.5 per cent and further down to 5.8 per cent in March quarter with risks evenly balanced, the governor said.
For first quarter of next fiscal year, retail inflation is forecast at 5 per cent. The RBI on Friday raised the benchmark lending repo rate by 50 basis points to 5.9 per cent. The central bank has the mandate to keep retail inflation in a band of 2-6 per cent.
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