“Overall, the near-term domestic inflation and growth outlook remain positive,” said RBI governor Sanjay Malhotra. “The slight upward revision in the inflation outlook is primarily due to increase in prices of precious metals, which contribute about 60 to 70 basis points. India's retail inflation, as measured by the Consumer Price Index, stood at 1.33% in December, up from 0.71% in November. Under the flexible inflation targeting framework, the Monetary Policy Committee (MPC) targets retail inflation at 4% with a tolerance band of +/-2%. Also Read | RBI cut rate on benign inflation outlook, to support growth

Source: Mint February 06, 2026 08:17 UTC