RBI MPC minutes: Malhotra says further rate hikes to hinge on growth-inflation outlook
The Reserve Bank of India's Monetary Policy Committee raised the policy repo rate by 25 basis points to 5.50% on October 6. RBI Governor Sanjay Malhotra indicated that future rate hikes will depend on the growth-inflation outlook, as inflation is expected to exceed 5% in the coming quarters. The next MPC meeting is scheduled for December 2026.