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Lower oil prices open door for MPC to time policy normalisation: ICICI Research

Falling oil prices and easing geopolitical tensions have improved India's inflation outlook, giving the Monetary Policy Committee room to decide on policy normalization timing. While concerns about food and fuel prices were noted, underlying inflation remains stable. Domestic growth shows resilience, though export and rainfall risks persist. The MPC may lower inflation forecasts if oil prices remain subdued, potentially reducing near-term rate hike odds.

20 Jun 2026 11:29 am