Mumbai, Aug. 21 -- Reserve Bank of India (RBI) announced yesterday minutes of the fifty-sixth meeting of the Monetary Policy Committee (MPC), was held during August 4 to 6, 2025. Prof. Ram Singh stated that the CPI headline inflation has continued on its downward trajectory during the last two quarters, almost touching the floor of the tolerance band in June. The unexpected drop in CPI inflation has been driven primarily by a sharp decline in food inflation that registered its first negative print in June 2025 at (-) 0.2 per cent, the lowest since February 2019. Decline in food inflation is broad-based. He noted further that the GDP growth is holding up so far amidst mixed signals coming through some high-frequency indicators.

Rajiv Ranj...