India rate panel signals impending hikes, eyes inflation path to gauge timing

India’s monetary policy committee indicated readiness for potential rate increases in coming months, according to meeting minutes released on Wednesday. The panel unanimously voted to maintain the policy repo rate at 5.25% earlier in the month while keeping its monetary policy stance neutral, but left scope for tightening if inflation risks materialized.
Headline consumer inflation stood at 4.45% in July, comfortably within the Reserve Bank of India’s 2-6% tolerance band, with the c