RBI MPC Minutes Reveal Rate Cuts Off Table Amid Rising Inflation Concerns

The Reserve Bank of India's Monetary Policy Committee (MPC) minutes indicate that members are worried about broadening inflation. While there was unanimous support for a 25-basis-point rate hike, two members dissented on the shift to calibrated tightening. This decision comes as rate cuts remain off the table due to inflationary pressures.

Originally published by gnews