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Economics1h 57m ago
RBI MPC member Saugata Bhattacharya stated that energy prices are unlikely to return to pre-war levels and warned that rain deficit, commodity supply shocks, and global inflationary pressures will escalate inflation risks in India.
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India
Who
Saugata Bhattacharya (RBI MPC member), Reserve Bank of India (RBI), India Meteorological Department (IMD)
What
RBI MPC member Saugata Bhattacharya stated that energy prices are unlikely to return to pre-war levels and warned that rain deficit, commodity supply shocks, and global inflationary pressures will escalate inflation risks in India.
When
Fri, 19 Jun 2026 13:39:02 GMT · 1h 57m ago
Where
India ·
Why
Bhattacharya detailed his reasoning for voting to maintain the repo rate, citing higher inflation projections and various factors spurring it.
The Frontline Impact
How this affects you
The projected rain deficit and persistent energy price levels are expected to contribute to increased inflation in India, potentially influencing future monetary policy decisions and capital flows.
Story chain
10 events in this thread- Economics1h 10m agoThe Reserve Bank of India's Monetary Policy Committee published minutes detailing its decision to hold the repo rate steady.Open article
- Economics1h 31m agoThe Monetary Policy Committee (MPC) unanimously voted to keep the policy repo rate unchanged at 5.25 per cent and continue with a neutral stance, as per minutes released by the RBI.Open article
- Economics1h 57m agoSaugata Bhattacharya, an RBI MPC member, stated that energy prices are unlikely to return to pre-conflict levels and that a projected rain deficit in India for 2026 will escalate inflation risks.Open article
- Currently Reading1h 57m agoRBI MPC member Saugata Bhattacharya stated that energy prices are unlikely to return to pre-war levels and warned that rain deficit, commodity supply shocks, and global inflationary pressures will escalate inflation risks in India.
- Economics1h 58m agoRBI Governor Sanjay Malhotra stated the Monetary Policy Committee must be watchful of the inflation trajectory and voted for a status quo on the repo rate at 5.25%.Open article
- Economics1h 58m agoRBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) must monitor the inflation trajectory, citing revised fuel prices in May and risks from a poor monsoon due to El Nino.Open article
- Economics1h 58m agoRBI Governor Sanjay Malhotra stated the Monetary Policy Committee (MPC) must monitor the inflation trajectory due to May fuel price revisions and amplified risks from a poor monsoon, while the repo rate was maintained at 5.25% on June 5.Open article
- Economics2h 0m agoRBI Governor Sanjay Malhotra stated the Monetary Policy Committee (MPC) must be watchful of the inflation trajectory due to fuel price revisions and El Nino risks, while the MPC maintained the repo rate at 5.25%.Open article
- Economics3h 8m agoThe Reserve Bank of India's Monetary Policy Committee (MPC) released minutes from its June 3–5 meeting, flagging heightened risks to India's economic outlook from the West Asia conflict, volatile crude prices, disrupted supply chains, and a weaker monsoon outlook.Open article
- Economics3h 8m agoThe Monetary Policy Committee (MPC) minutes from its June 3–5 meeting flagged heightened risks from the West Asia conflict, volatile crude prices, disrupted supply chains, and a weaker monsoon outlook.Open article
Verified Sources & Citations
- HIGHCNBC TV18https://www.cnbctv18.com/economy/rbi-mpc-minutes-west-asia-conflict-crude-spike-monsoon-risks-dominate-june-policy-deliberations-19928811.htm
- HIGHDevdiscoursehttps://www.devdiscourse.com/article/business/3937562-need-to-be-watchful-of-inflation-trajectory-rbi-governor-sanjay-malhotra
- HIGHThe Tribunehttps://www.tribuneindia.com/news/business/need-to-be-watchful-of-inflation-trajectory-rbi-governor-sanjay-malhotra/
- HIGHNDTV Profithttps://www.ndtvprofit.com/economy/rain-deficit-to-push-inflation-oil-prices-unlikely-to-return-to-pre-war-levels-rbi-mpc-member-warns-11660270
- HIGHThe Hindu Business Linehttps://www.thehindubusinessline.com/economy/inflation-risks-slowing-growth-mpc-members-prefer-wait-and-watch-approach-over-immediate-policy-action/article71122551.ece
- HIGHThe Economic Timeshttps://economictimes.indiatimes.com/news/economy/indicators/rbi-mpc-minutes-policy-misstep-fears-drove-rate-pause-amid-west-asia-uncertainty/articleshow/131861187.cms