Inflation Rate In India 2024 Rbi. The reserve bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, state bank of india (sbi) chairman c s setty. In the june policy, the rbi had cut its fy24 inflation forecast to 5.1% from 5.2%.

The case for lower interest rates in india those who want the rbi to cut rates cite the high real interest rate in india. The surge in food and beverage prices has emerged as a key factor driving india’s inflation in the fiscal year 2024, according to the reserve bank of india’s (rbi).