Has the RBI made the right call by keeping interest rates unchanged? Newly appointed World Bank Executive Director for India, Neelkanth Mishra, believes the answer is a clear yes. In this insightful conversation, Mishra argues that inflation risks from higher crude oil prices are temporary and not "sticky" enough to justify a rate hike. He warns that raising rates merely to defend the rupee could hurt economic growth and may not even work effectively. According to him, rate hikes should be a last resort, not the first response to currency market volatility. Watch as Mishra breaks down the inflation outlook, crude oil impact, RBI policy stance, rupee concerns, and what investors should expect from the central bank in the coming months.