RBI Policy Review Begins Amid Crude Price Surge

The Reserve Bank’s six-member MPC, led by Governor Sanjay Malhotra, began its three-day review of India’s first bi-monthly monetary policy. Amid surging crude prices, rupee depreciation, and West Asia tensions, experts expect a status quo on rates. Retail inflation rose to 3.21% in February, while global volatility drives cautious RBI guidance.