‘Only rate hike or pause ahead’: RBI Governor rules out rate cut in near-term
Reserve Bank of India Governor Sanjay Malhotra confirmed that the central bank will not implement rate cuts in the near term, following a 25 basis point hike to 5.50%. The Monetary Policy Committee's shift to 'calibrated tightening' indicates readiness to respond to persistent inflation. Future policy actions will either involve further rate hikes or maintaining the current rate, depending on economic conditions.