The Reserve Bank of India has not changed its outlook for inflation for the current fiscal year, a top central banker said on Thursday.
"There is no change from the policy announcement in April," Reserve Bank of India Deputy Governor Rakesh Mohan told reporters on the sidelines of a banking conference, when asked about the central bank's inflation expectations.
The central bank had forecast in its annual monetary policy that inflation, as measured by wholesale prices, would be 5.0 to 5.5 per cent by the end of the current fiscal year to March.
Inflation has fallen in recent weeks. Wholesale prices rose 5.05 per cent in the year to June 7. They had risen by 6.47 in the year to early April, the biggest 12-month increase in two years.
