Answer & ExplanationOption: Both A & BExplanation:
Maintaining the inflation target at 4% is appropriate for India, according to a working paper titled “Measuring Trend Inflation in India” released by RBI. The 4% target for inflation with an upper tolerance limit of 6% and a lower limit of 2% was set by the Centre in consultation with the RBI in 2016 and its validity expires on March 31, 2021.
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