RBI MPC minutes: Policy panel signals rate hike risk as inflation rises
The Reserve Bank of India's Monetary Policy Committee indicated a potential rate hike as inflation is projected to peak at 5.9% in Q3 2026-27. Governor Sanjay Malhotra emphasized the need for more certainty on inflation trends before adjusting policy rates. The committee remains vigilant about risks from rising food and fuel prices, which could necessitate tighter policies.