2024 Inflation Rate Forecast In India. The reserve bank of india maintained its benchmark policy repo at 6.5% for the ninth consecutive meeting in august 2024 to ensure inflation is down towards its 4%. 1 on june 27, 2016, the finance act 2016 institutionalising inflation targeting framework through amendments to the rbi act, 1934, came into effect.
Inflation in india is expected to come down from 6.8 percent in the current fiscal year ending march 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the. The central bank today also held the benchmark rate steady for.
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