RBI's Malhotra says India resilient at 7.1%, flags inflation from West Asia, El Nino; rate cuts off the table

RBI Governor Sanjay Malhotra says India's economy remains resilient at 7.1% growth, but flags rising inflation risks from the West Asia conflict and El Nino. He says rate cuts are off the table for now, with further hikes depending on the inflation outlook; economists expect a 50 bps increase in December.

Detected & updated continuously · Source: Nebula