New Delhi, April 8 -- The Reserve Bank of India (RBI) on Wednesday announced its projections for core inflation-the rise in prices after stripping out the impact of food and energy price changes-with governor Sanjay Malhotra saying this was a demand from some quarters.

"We are doing this for the first time as has been the demand from some quarters and going forward, we shall continue giving our projections for core inflation," said Malhotra.

The RBI projected core inflation at 4.4% for FY27. Excluding precious metals, core inflation is even lower, indicating that underlying inflation pressures are expected to remain contained.

Malhotra said headline inflation remained below target in January-February-at 2.7% and 3.2%, respectively-with...