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Economics2h 1m ago

RBI 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.

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New Delhi, India

Who
RBI Governor Sanjay Malhotra, Monetary Policy Committee (MPC)
What
RBI 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.
When
Fri, 19 Jun 2026 13:38:12 GMT · 2h 1m ago
Where
New Delhi, India ·
Why
The need to be watchful of inflation trajectory is due to revised retail prices of petrol and diesel in May, which will lead to higher fuel inflation, and increased risks from a poor monsoon due to El Nino.
The Frontline Impact

How this affects you

The RBI's Monetary Policy Committee will maintain a "wait and watch" approach on policy rates, with inflation projections for 2026-27 raised to 5.1 percent and economic growth trimmed to 6.6 percent, influenced by geopolitical scenarios and monsoon intensity.

Story chain

10 events in this thread
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  5. Economics2h 1m ago
    RBI 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%.
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  6. Currently Reading2h 1m ago
    RBI 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.
  7. Economics2h 1m ago
    RBI 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
  8. Economics2h 4m ago
    RBI 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
  9. Economics3h 11m ago
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  10. Economics3h 11m ago
    The 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

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