RBI MPC Flags Rising Inflation, Two Members Oppose Hawkish Policy
The Reserve Bank of India's Monetary Policy Committee (MPC) highlighted widening inflationary pressures during its October meeting, citing risks from the West Asia conflict, rising oil prices, and inflation spread beyond food and fuel. The MPC unanimously raised the repo rate by 25 basis points to 5.5%, but two external members opposed shifting the policy stance from neutral to hawkish.
Hindu Business··Mumbai



