RBI in wait-and-watch mode despite easing West Asia risks: Sanjay Malhotra (opens original article in a new tab)

The RBI remains in a wait-and-watch mode despite easing West Asia tensions, citing ongoing uncertainties in crude oil prices, monsoon, and global developments. Governor Sanjay Malhotra stressed a data-dependent approach, dismissing rate hike expectations. India's resilience is attributed to strategic reserves and global production adjustments.

• RBI remains cautious despite reduced West Asia tensions, monitoring crude prices, monsoon, and global developments.
• Governor Sanjay Malhotra emphasized data-dependent policy, rejecting rate hike speculation due to uncertainty.
• India's economic resilience attributed to strategic reserves, demand moderation, and global production increases.