RBI likely to hold rates in August, maintain hawkish tone as inflation risks persist
· rediff.com
The Reserve Bank of India (RBI) is widely expected to keep its benchmark repo rate unchanged in the August monetary policy review, with economists citing elevated inflation risks and the pending closure of the FCNR(B) deposit scheme as key factors. Most anticipate a 'Neutral' policy stance but with a hawkish tone due to geopolitical tensions, high crude oil prices, and an uneven monsoon.
Economists widely predict the Reserve Bank of India will maintain its benchmark repo rate in the upcoming August monetary policy review, adopting a hawkish stan...