RBI policy panel likely to keep interest rates unchanged on August 5 amid oil, inflation risks
The Reserve Bank of India's Monetary Policy Committee is expected to maintain the key policy repo rate at its meeting on August 5, amid rising inflation and global oil price concerns. Retail inflation rose to 4.38% year-on-year in June, surpassing the RBI's 4% target, but experts believe inflationary pressures remain manageable. Economists suggest the committee will closely monitor the monsoon's impact on food inflation before making any adjustments.