To cut or not to cut: Is there a concerted effort by Asian central banks, RBI included, to keep the monetary guard up?

The debate over whether the Reserve Bank of India (RBI) should cut interest rates has intensified. The RBI has held rates steady for eight consecutive meetings, with dissenting members warning of potential repercussions from inaction. The core issue is whether the RBI should prioritize combating food inflation by maintaining high rates or consider rate cuts by focusing on non-food inflation and economic stability.