https://www.taxtmi.com/news?id=45835 RBI lowered its retail inflation projection to 3.7 per cent for the financial year and cut the key policy rate by fifty basis points to 5.5 per cent, citing benign core inflation and an expected easing of global commodity prices. The Bank warned of weather-related uncertainties and tariff-related concerns that could affect commodity prices, provided quarterly CPI projections indicating subdued inflation with a rise toward the final quarter, and noted strong crop production and an above-normal monsoon as supportive of food supply. The statement reaffirmed the inflation targeting mandate of four per cent with a two-percentage-point tolerance band. en-us Fri, 06 Jun 2025 12:01:03 +0530 Fri, 06 Jun 2025 12:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45835 RBI lowered its retail inflation projection to 3.7 per cent for the financial year and cut the key policy rate by fifty basis points to 5.5 per cent, citing benign core inflation and an expected easing of global commodity prices. The Bank warned of weather-related uncertainties and tariff-related concerns that could affect commodity prices, provided quarterly CPI projections indicating subdued inflation with a rise toward the final quarter, and noted strong crop production and an above-normal monsoon as supportive of food supply. The statement reaffirmed the inflation targeting mandate of four per cent with a two-percentage-point tolerance band. News - Fri, 06 Jun 2025 12:01:03 +0530 https://www.taxtmi.com/news?id=45835