The Reserve Bank of India's Monetary Policy Committee has opted for a cautious "wait and watch" stance, holding the repo rate steady due to significant geopolitical and weather-related uncertainties. Concerns over rising crude oil prices and potential El Nino impacts are driving inflation worries. While core inflation remains subdued, the committee emphasized vigilance against generalized price increases, prioritizing data dependency before considering any policy rate adjustments.
The RBI's Monetary Policy Committee maintained the repo rate, adopting a cautious "wait and watch" stance. This pause is driven by significant geopolitical uncertainties, including rising crude oil prices, and potential El Nino impacts, which fuel inflation worries. While core…
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