India, April 9 -- The Reserve Bank of India (RBI) has cut its estimates on both India's Gross Domestic Product (GDP) and inflation, measured by the Consumer Price Index (CPI), Governor Sanjay Malhotra announced on Wednesday during his monetary policy address.

The RBI cut its Real GDP forecast for the financial year 2025-26 to be 6.5%, from 6.7% earlier.

The first quarter GDP forecast is now estimated to be at 6.5% second quarter at 6.7%, third quarter at 6.6%, and fourth quarter at 6.3%.

Meanwhile, the inflation estimate was cut from 4.2% earlier to 4% now.

The first quarter inflation estimate is now at 3.6%, second quarter is at 3.9%, third quarter is at 3.8%, and the fourth quarter is slightly higher at 4.4%.

"On the inflation fron...