RBI Monetary Policy 2025: RBI monetary policy: The Reserve Bank of India (RBI) revised inflation forecast downward to 3.1% for 2025–2026 from 3.7% that was earlier projected with Q2 at 2.1%, Q3 at 3.1%, and Q4 at 4.4%. The risks are evenly balanced, said Governor of the RBI, Sanjay Malhotra today.