In India, CPI inflation was projected at 4.5% for the financial year 2024-25, a good 90 basis points lower than the estimated average for 2023-24. But, the large and repetitive food price shocks remained a concern, with geopolitical events and their impact on supply chains, and volatility in international financial markets and commodity prices posing upside risks.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.