Imported inflation, caused by a decline in the value of a country's currency, typically increases when the value of the Indian rupee falls against the US dollar

Mr Rajan said inflation estimate should target a basket which was what the consumer consumed because it affected the consumer's perception of inflation and ultimately inflationary expectations.

Retail inflation remains within RBI’s sweet spot of 4% and sparks hopes of a rate cut.

A goal-based investment approach will empower people to build specific goals and track them individually, by assigning each investment to a goal.

The Monetary Policy Committee had kept the policy interest rate unchanged at 6.5% in June for the eighth consecutive time, citing inflationary concerns. The RBI governor defended the decision while addressing the Bombay Chamber of Commerce.