As per the meeting of the Monetary Policy Committee in

Solution

The MPC had retained its inflation forecast for the current financial year at 6.7 percent.CPI inflation is seen at 6.6 percent in October-December versus the 6.5 percent projected earlier. In January-March, headline retail inflation is seen at 5.9 percent versus 5.8 percent estimated earlier. For the first quarter of the next financial year, the MPC has retained its inflation forecast at 5 percent while the price gauge is seen at 5.4 percent in the second quarter of the next financial year.