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    <title>West Asia crisis, inflation weighed on RBI panel&#039;s decision on interest rate: MPC minutes</title>
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    <description>The Monetary Policy Committee retained the repo rate unchanged and continued with a neutral stance after assessing the effect of the West Asia conflict on inflation, growth, energy supplies and global trade flows. Members treated the disruption as a supply shock marked by higher crude and commodity prices, a weaker rupee, logistics constraints and uncertainty over the persistence of inflationary pressure. The committee adopted a cautious wait-and-watch approach while emphasising vigilance on inflation expectations and the risks to growth.</description>
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