RBI remains watchful of global, monsoon situation says Sanjay Malhotra

The Reserve Bank of India is adopting a cautious "wait and watch" approach regarding global geopolitical shifts and monsoon progress. Governor Sanjay Malhotra stated that while inflation hasn't broadly impacted consumer prices, uncertainties persist. He highlighted that de-escalation in West Asia is positive, but risks remain. The RBI is monitoring crude prices and monsoon impact on growth, confident in India's preparedness for challenges.