RBI's Strategic Pause Amidst Global Economic Uncertainty

Reserve Bank of India Governor Sanjay Malhotra has opted to maintain the current policy stance in light of global uncertainties and a rise in core inflation. The decision follows significant interest rate cuts over a four-month period.

Speaking at the central bank headquarters, Malhotra reiterated RBI's focus on economic growth despite GDP expansion running at 6.5%, below desired levels. Home loan growth, however, is expected to progress at a healthy pace.

While addressing issues such as rupee depreciation and bad loan management, Malhotra emphasized that the RBI remains committed to stability and growth, aiming for a balanced approach to price stability and economic development.

(With inputs from agencies.)