The central bank's six-member rate panel, which includes three external members, voted unanimously to keep rates on hold. Signalling no rush to act until ⁠there is greater clarity on inflation, Malhotra reaffirmed the RBI's "resolute" commitment to its inflation target. Bhardwaj continues to see scope for cumulative 50 basis points of hikes in the policy rate between now and March-end. INFLATION IN CHECK; GROWTH RESILIENTThe central bank ​cut ​its forecast for average inflation in the current financial year to 5% from the ​5.1% it projected in June. The forecast for core inflation, which ‌excludes food and fuel, was cut more steeply to 4.3% from 4.7% earlier.