RBI Signals Rate Hike Pivot as India's Global Trade Offensive Reaches Full Throttle

RBI Governor Sanjay Malhotra dropped the clearest rate-hike hint of the year this week, warning that inflation is "normalising from its benign levels" and that the central bank may need to recalibrate its policy rate. The MPC kept the repo rate unchanged at 5.25% for the fourth straight meeting on August 5, but the minutes released Wednesday revealed a committee bracing for a fight against price pressures. Headline inflation is now projected to peak at a punchy...