"core-inflation"

The Reserve Bank of India projected FY27 CPI inflation at 5.2 per cent, citing rising food and energy prices, supply-side risks and widening core pressures. Governor Sanjay Malhotra warned inflation is no longer benign, making policy-rate recalibration imperative

According to the brokerage, despite March 2021 inflation tracking 5.5 per cent+, the RBI's Q4FY21 forecast could see a 25-30bps cut.