RBI raises FY27 inflation projection to 5.2% amid higher crude oil prices
The Reserve Bank of India (RBI) raised its inflation projection for FY27 to 5.2% from 5%, citing higher crude oil prices. Consumer inflation reached 4.82% in August, surpassing the RBI's medium-term target of 4% for the third consecutive month. This adjustment reflects ongoing economic pressures and could influence future monetary policy decisions.