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The Economic Times
The Economic Times

RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists

B’ RBI Inflation FCNR the Reserve Bank of India Gaura Sengupta India

Mumbai: The Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged in its August monetary policy review on elevated inflation risks and pending the closure of the FCNR(B) deposit scheme, a poll of 10 economists and treasury heads has revealed.

Most respondents anticipate that the central bank will maintain its policy stance as 'Neutral' while adopting a hawkish tone amid rising inflation risks from geopolitical tensions, elevated crude oil prices and an uneven monsoon.

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