An RBI Monetary Policy Committee (MPC) member warns that a rain deficit could push inflation higher, while oil prices are unlikely to return to pre-war levels. In remarks cited by NDTV, Saugata Bhattacharya points to the RBI’s inflation expectations survey, saying it shows a consistent and significant rise in one-year-ahead inflation expectations. The comments link weather-related uncertainty—specifically weaker-than-usual rainfall—to the risk of renewed price pressures. The RBI MPC member also cautions that global oil prices are unlikely to revert to earlier benchmarks associated with pre-war conditions, implying that energy costs may remain a sustained factor in inflation dynamics. Taken together, the statements reflect concerns that inflation expectations are moving upward and that potential input-cost pressures, including from oil, could complicate efforts to keep inflation on target. The reports do not provide specific inflation figures or policy decisions, focusing instead on the risk outlook described through the survey and the assessment of oil price prospects.