As of April 2025, India’s retail inflation stood at 5.1%, within the RBI’s tolerance band. Food prices remained stable due to improved supply chains, while fuel costs fluctuated slightly due to global tensions. The Reserve Bank of India maintained the repo rate at 6.25% to support growth while controlling inflation.

It used open market operations (OMOs) to manage liquidity. RBI also issued new guidelines for inflation-indexed bonds. Overall, the central bank adopted a calibrated approach, balancing price stability with economic momentum. Analysts expect inflation to remain moderate in the coming months barring any major global shocks.