RBI won battle against inflation, war continues, Governor Sanjay Malhotra says
MUMBAI, July 25, 2025 – The RBI (Reserve Bank of India) has won the battle against inflation but the war continues as price stability remains the primary objective, Governor Sanjay Malhotra said in a fireside chat at an event organised by newspaper Financial Express on Friday. “Our primary objective [is] to maintain price stability and we have mentioned that it is not inconsistent with the other objectives we have of growth because that is a pre-requisite,” the governor said, adding that the upcoming rate decision will be guided by the revised forecast numbers. The comments come ahead of the central