GK and monthly revision

RBI in wait-and-watch mode despite easing West Asia risks: Sanjay Malhotra

The Reserve Bank of India (RBI), under Governor Sanjay Malhotra, is adopting a cautious stance despite decreased tensions in West Asia, which had previously impacted inflation and growth. The RBI's focus on data dependency indicates that future interest rate decisions will be influenced by economic indicators rather than fixed paths. This approach reflects the bank's concerns over crude oil price volatility and monsoon uncertainties, necessitating a vigilant monitoring of inflationary pressures and external economic challenges.