New Delhi, Feb. 23 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said the revision of inflation targeting range following the CPI base year update is under examination.

However, he said, "while the methodological changes are material in terms of coverage, representativeness and volatility, they are 'not substantial' enough by themselves to necessitate a change in the inflation target."

During a press conference after the customary post-Budget meeting with finance minister, RBI governor responded to a query on whether the inflation targeting range would be revised following the CPI base year update, he said the matter is under examination.

"The RBI had earlier published a discussion paper and submitted its recommenda...