The Reserve Bank of India has lowered the inflation projection for the current fiscal to 4%.The decline in food inflation and falling crude oil prices have contributed to the reduction in inflation projection.Good agricultural output, including a record wheat production and higher pulse output, is expected to soften food inflation.Assuming a normal monsoon, RBI projects CPI inflation for FY2025-26 at 4%, with Q1 at 3.6%, Q2 at 3.9%, Q3 at 3.8%, and Q4 at 4.4%.