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Economy - January 9, 2025

New RBI governor seeks to improve forecasts, sources say

New RBI governor seeks to improve forecasts, sources say

India's new central bank governor, Sanjay Malhotra, is reviewing the Reserve Bank of India's inflation and growth forecasting tools to reduce projection errors. The RBI will include new datasets and employ machine learning to improve accuracy, particularly in volatile items like food prices, reflecting in the February policy projections.

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