The Reserve Bank of India (RBI) has said that the flexible inflation targeting (FIT) framework has worked well since its introduction and has served the needs of the country even during difficult times.
India's retail inflation was above RBI's six per cent target for three consecutive quarters and had managed to fall back to the RBI's comfort zone only in November 2022.
India's retail inflation was above RBI's six per cent target for three consecutive quarters and had managed to fall back to the RBI's comfort zone only in November 2022.