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RBI Policy Faces 'Chalk And Cheese' Dilemma

SBI Research flagged a "chalk and cheese" dilemma in RBI policy communication, with MPC minutes appearing more hawkish while Governor Sanjay Malhotra remains cautious and data-dependent. The report said an October rate hike remains possible but uncertain, citing resilient US growth, global risks and uneven monsoon progress as key factors shaping policy.