India's monetary policy is sitting in neutral territory right now. Central Bank Governor Sanjay Malhotra laid it out clearly: the next rate decision hinges on how growth and inflation numbers shape up.

This kind of signal matters beyond traditional finance. When major central banks start adjusting rates or holding steady, it ripples through global liquidity conditions—and that directly impacts capital flows into crypto and other risk assets. A neutral stance often suggests policymakers are taking a wait-and-see approach, which can affect sentiment across markets.

For traders tracking macroeconomic tailwinds, India's policy trajectory is worth keeping on the radar, especially as inflation and growth dynamics evolve across emerging markets.