Key facts
- RBI MPC hiked FY27 inflation projection by 50 basis points.
- The new FY27 inflation projection is 5.1%.
- RBI Governor Sanjay Malhotra led the monetary policy committee.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has revised its inflation forecast for the fiscal year 2027. The committee, led by RBI Governor Sanjay Malhotra, has pegged the full-year Consumer Price Index (CPI) inflation for FY27 at 5.1%. This represents an upward revision of 50 basis points from previous projections.