Mumbai, Dec. 5 -- The Reserve Bank of India (RBI) on Friday revised the inflation outlook for the current financial year, FY26, projecting CPI inflation at 2 per cent, marking a reduction of 0.6 per cent from its earlier projection.

The revision was announced by the RBI Governor Sanjay Malhotra while presenting the monetary policy on Friday.

He stated that CPI inflation for this year is now projected at 2 per cent, again about 0.6 per cent downwards from the earlier outlook.

He stated, "Inflation is likely to be softer than what was projected in October, mainly on account of the fall in food prices. Considering all these factors, CPI inflation for this year is now projected at 2 per cent, again about 0.6 per cent downwards from our ear...