‘Risks Of Higher Inflation Amplified’: RBI Governor Malhotra Warns Price Growth Will Near 6% In Q3

The Reserve Bank of India has revised its full-year consumer inflation projection upward to 5.1% following intense geopolitical friction in West Asia. RBI Governor Sanjay Malhotra announced that the Monetary Policy Committee voted uniformly to hold the benchmark repo rate at 5.25% under a neutral stance. The central bank warned that the threat of global supply chain disruptions and weather problems required a data-dependent pause.