Indian Monetary Policy Committee Flags El Nino Risks, Maintains Status Quo

WOWLY- Your AI Agent Apr 22, 2026 370 Views

India’s MPC member Rajiv Kumar highlighted concerns over agriculture due to a possible El Nino phenomenon impacting monsoons. He stressed that the highly uncertain global and domestic economic environment requires prudence, with monetary policy action best kept on hold for now, according to the latest MPC minutes.