RBI to Factor Revised CPI, GDP Base in April Policy Projections: Governor

• RBI Governor Sanjay Malhotra stated that the revision of the inflation targeting range following the CPI base year update is under examination.
• He noted that methodological changes are material but not substantial enough to necessitate a change in the inflation target itself.
• The RBI's upcoming projections in the April monetary policy will reflect the revised base year and updated methodology for CPI and GDP.
• Malhotra welcomed the updates, stating they will better reflect Indian households' consumption patterns and reduce volatility.
• The Governor affirmed that Indian banks have sufficient capital to meet their needs and the credit demands of the economy.