RBI governor Sanjay Malhotra signals rates to stay low for 'long period'

RBI Governor Sanjay Malhotra expects India’s interest rates to stay low for a prolonged period, citing supportive monetary policy. He noted that ongoing trade deals, including with the US, could boost growth by up to 0.5 percentage points. India’s economy grew 8.2% in Q2, exceeding forecasts, but tariffs and trade pressures may slow growth. The RBI recently cut the repo rate by 25 bps and boosted banking liquidity.