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

RBI Governor Sanjay Malhotra stated the central bank remains in a wait-and-watch mode and is data-dependent, with no pre-set interest rate path. He termed the West Asia de-escalation as a big positive for the Indian economy, noting moderation in crude and urea prices, while cautioning that the truce remains fragile. Current CPI inflation stands at 3.9 percent with core inflation at 2.4 percent, and WPI rose largely due to fuel; the MPC is monitoring for second-round effects. Malhotra dismissed rate hike speculation, noting the stance remains neutral, and expressed optimism on India-US trade deal progress.