Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Friday revised the inflation outlook for FY26 downwards to 3.7%, from 4%. The quarter-wise estimates are — 2.9% in Q1, 3.4% in Q2, 3.5% in Q3, and 4.4% in Q4. The central bank maintained that risks to inflation outlook are "evenly balanced". RBI has slashed repo rate by 50 bps.