India's inflation in 2023-24 seen averaging near RBI's 6% upper band: Fitch Ratings
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Fitch Ratings forecasts India's headline inflation to decline, but remain near the upper end of the Reserve Bank of India's 2-6 per cent target band, averaging 5.8 per cent in 2023-24 from 6.7 per cent last year. The global rating agency said India's core inflation pressure appears to be abating, falling to 5.7 per cent in March, its lowest since July 2021.