MUMBAI: RBI governor Sanjay Malhotra has hinted that the central bank may not react to the current bout of inflation and spurt in credit growth. Malhotra struck a notably composed tone, describing price pressures as contained even if "currently a bit elevated", and attributed the uptick largely to supply-side disturbances.

RBI Governor Sanjay Malhotra said Indias inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent…

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despite global uncertainties, Sanjay Malhotra…