India's Interest Rate: What's Next?

India's central bank is taking a wait-and-see approach. The governor, Sanjay Malhotra, recently shared that the country's interest rates are in a neutral zone. This means they're not too high or too low. The bank's next move will depend on how the economy grows and how prices change. In a chat with NDTV Profit, Malhotra said the monetary policy committee will decide future rate changes. He also promised the bank will stay flexible. They'll act fast if needed to help the economy.But what does this mean for you? Well, if you have loans or savings, keep an eye on the news. Interest rates can affect how much you pay or earn. Some people wonder if this is the right move. Others think the bank should have been more clear. But for now, it's all about watching and waiting. The global economy is unpredictable. So, it's smart for the bank to be ready to adapt. This way, they can handle any surprises that come their way.