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RBI's Rate Cut: Inflation Hits Five-Month Low

  • India's inflation dropped to 4.31% in January, the lowest in five months, down from 5.22% in December.
  • This decline follows the Reserve Bank of India's first rate cut in five years, reducing the policy rate to 6.25%.
  • RBI projects further easing, with inflation expected to average 4.4% in Q4, 4.5% in Q1FY25, and 3.8% by Q3.

Source: MoneyControl

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