India, April 8 -- From April 06 to 08, the RBI Governor- Sanjay Malhotra, led Monetary Policy Committee (MPC), held its first bi-monthly policy meeting for FY27, and on April 08, 2026 (Wednesday), The Reserve Bank of India announced its monetary policy decision. This April meeting of RBI MPC faces the backdrop of heightened global geopolitical tensions due to the US-Israel-Iran war. This conflict has led to a sharp escalation in crude oil prices, resulted in the decline of the rupee and its consequences are likely to be seen across financial markets. However, according to the latest reports, US-Israel and Iran agreed to a two-week ceasefire deal, and is expected to stop the US-Israel attacks in exchange for reopening of the Stra...