India, Sept. 30 -- The Reserve Bank of India's monetary policy committee meeting from 29 September to 1 October is happening against the backdrop of a complex global economic and trade environment, disrupted by Trump tariffs.

Global growth and inflation environment will weigh on the MPC's decision on 1 October. The global uncertainty with its implied risk was emphasised by US Federal Reserve Chair Jerome Powell when described the recent rate revision as "risk management cut." Even though the dot plot indicated two more rate cuts by the Fed this year, Powell's view was that it would be right to wait and see how inflation and labour market evolve.

The MPC is likely to follow somewhat similar line of "wait and watch" in the October policy ...