The inflation path has evolved along the projected path after a sizable undershoot of the January 2015 target. CPI inflation is projected at its current levels in the first quarter of 2015-16, moderating thereafter to around 4 percent by August but firming up to reach 5.8 per cent by the end of the year, says RBI.
The Sensex fell 120.36 points to 28384.10 and the Nifty declined 39.75 points to 8620.15 amid consolidation. About 1153 shares have advanced, 1076 shares declined, and 149 shares are unchanged on the BSE. 11:10am RBI says retail inflation will remain below 6 percent in FY16. "CPI inflation is expected to fall to 4 percent by August but firm up to 5.8 percent by year-end." The Reserve Bank says GDP growth under new methodology is seen at 7.8 percent in FY16.
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