The RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) will have to be watchful of the inflation trajectory going forward, especially in the light of the revision of fuel prices in May.

RBI's MPC adopts a cautious "wait and watch" stance amid rising inflation risks, slowing growth, and external shocks from West Asia.

The RBI Governor Sanjay Malhotra said that the Monetary Policy Committee (MPC) will have to be watchful of the inflation trajectory going forward, especially in the light of the…