The Reserve Bank of India (RBI) is expected to keep policy rates steady in its upcoming December MPC meeting, despite the October Consumer Price Index (CPI) inflation dropping to a record low. The country’s GDP growth remains strong, projected at above 7% for Q2 FY26 , adding to the RBI’s dilemma. While inflation is under control, the central bank faces challenges in balancing growth and inflation risks. Analysts suggest that the RBI may opt for a wait-and-watch approach to assess the full impact of previous rate hikes on economic growth.