RBI Minutes Indicate Inflation, Weak Rupee May Prompt Rate Hikes
The Reserve Bank of India's recent minutes reveal that inflation and a weak rupee are keeping the possibility of further rate hikes open. The Monetary Policy Committee (MPC) noted widening inflationary pressures, with two members opposing a hawkish stance. RBI Governor Sanjay Malhotra stated future rate decisions will depend on growth and inflation trends.
Bloomberg.com·



