RBI MPC Minutes: Governor Sanjay Malhotra ties future hikes to growth-inflation outlook — here is what he said
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) raised the benchmark repo rate by 25 basis points to 5.5% during its meeting from October 5 to 7. Governor Sanjay Malhotra stated future hikes will depend on growth and inflation outlook, as inflation pressures spread across 37% of the consumer price index. The next MPC meeting is scheduled for December 2023.