New Delhi, July 25 -- Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday said price stability will be the the primary concern for the central bank amid cooling retail inflation, despite it winning the "battle" against it.

CPI headline inflation was pegged at 2.10 per cent in June 2025, making it the lowest year-on-year inflation after January 2019. The RBI's inflation target falls within 4 per cent, with a tolerance for plus or minus 2 per cent.

Speaking during a fireside chat at a Financial Express event on Friday, Malhotra said the RBI had won the battle against inflation, but had an advice of caution.

"The battle against inflation is won, but war continues," Malhotra said at a banking summit organised by the newspaper in...