More Stories

Informist, Friday, Feb. 20, 2026

MUMBAI - Following are the highlights of the minutes of the Feb. 4-6 meeting of the Reserve Bank of India's Monetary Policy Committee, released by the central bank on Friday:

SANJAY MALHOTRA

* Global investors nervous, financial markets remain volatile
* Global growth seen marginally higher in 2026
* Growth-supportive measures in Union Budget to boost growth
* US, EU trade deals have improved external sector outlook
* India in similar or tad better position than last policy

POONAM GUPTA

* US trade deal, EU FTA led to favorable external sector outlook
* GDP growth turning out quite robust, momentum to stay in FY27
* Inflation likely to stay benign across sectors, going into FY27
* Risk to inflation from external sources perceived to be limited
* See no risk of buoyant economic activity resulting in higher CPI
* Future course of policy action ought to be data dependent

INDRANIL BHATTACHARYYA

* Assessment suggests 20 bps improvement in growth in Q1, Q2

* Food inflation expected to pick up, turn positive in coming months
* Non-food CPI, excluding precious metals, to remain benign
* Higher rabi sowing augurs well for agriculture production
* Repo rate, stance support growth without stoking inflation
* Modest higher CPI projections do not warrant repo rate change

NAGESH KUMAR

* Rural demand robust, urban demand improved despite US tariffs

* Export diversification should not stop post US-India agreement
* Trade deals have improved outlook for manufacturing, FDI inflows
* Monetary policy may turn focus on improving growth to 8% from 7%
* Status quo needed before new data series on both CPI, growth

SAUGATA BHATTACHARYA

* Risks of further inflationary pressures are accumulating

* New GDP, CPI series to give clear growth inflation view
* Prudent to keep stance neutral amid global uncertainties

RAM SINGH
* Global investors nervous, financial markets remain volatile
* Domestic drivers of growth continue to be robust
* Union Budget measures should boost growth
* EU, US trade deals brightened external sector outlook
* Trade deals to strengthen exports, bring in higher investments
* Growth looking up while inflation outlook remains broadly unchanged

End

Compiled by Vinodini Yadav

Filed by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.