Governor Sanjay Malhotra says India's 4% inflation target will remain unchanged in the foreseeable future, while hinting that a lower benchmark could be explored in the long run as the economy matures.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has indicated that discussions around a possible interest rate hike are premature at this stage, emphasizing that the central bank will continue to closely monitor economic data before making any policy decisions.