The Reserve Bank of India (RBI) on December 5 revised CPI inflation projection to 2 percent from 2.6 percent projected earlier, Governor Sanjay Malhotra said while announcing the monetary policy.

The Q3 inflation projection was at 0.6 percent as compared to 1.8 percent earlier, and Q4 projected at 2.9 percent as compared to 4.0 percent earlier. The inflation estimate for Q1 of the next fiscal is seen at 3.9 percent as compared to 4.5 percent projected earlier, and Q2 for the next fiscal is seen at 4 percent.

Here's what RBI Governor said:

RBI Governor Sanjay Malhotra said core inflation, which has been rising steadily, has eased at Q2 and is expected to remain anchored during the period ahead. Underlining inflation pressures are even lower because of easing precious metal prices, he add

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