Economy Inflation rises to 4%; space for monetary policy to stimulate growth shrinks Updated : October 16, 2019 06:47 AM IST The CPI trajectory is already running 20 basis points above the RBI’s forecast for the month of September. Fiscal deficit is also looking almost certain to hit 3.5-3.7 percent given the steep fall in tax collections. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.