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of <h1>RBI Slashes Inflation Forecast to 3.7%, Signaling Economic Stability with Optimistic Outlook on Commodity Prices</h1> The Reserve Bank of India reduced its retail inflation projection to 3.7% for the fiscal year, the lowest in recent years. This projection assumes a normal monsoon and reflects easing global commodity prices. The central bank remains cautious about potential weather-related and tariff-related uncertainties. Inflation expectations are moderating, particularly in rural areas, with expectations of continued commodity price stabilization.
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