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RBI raises FY24 inflation forecast to 5 4%; flags need to go beyond keeping Arjuna s eye amid galloping food prices

India s central bank today raised/held the inflation target for this fiscal year, while the citizens of the world s most populous country are burdened with surging food prices. Experts say that the food price pressure may further intensify amid El Nino threats and a normal monsoon season is not enough to curb the galloping pace of price rise.

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