RBI Stays Chill on Rates While Oil Drama Unfolds

Yo, listen up! The Reserve Bank of India is like, 'We’re cool, no rate hikes here!' They just held it at 5.25% while the oil chaos rages on. Governor Malhotra is all about that chill vibe, saying inflation’s just a passing phase. Meanwhile, the rupee is flexing hard, and markets are like, 'Rate hikes? Nah, we’re good!'