On the inflation front, household perception of current inflation inched up by 10 basis points to 8.9 per cent in the latest round of the survey, the RBI said in its inflation survey
The Reserve Bank of India s (RBI) Monetary Policy Committee (MPC) is expected to keep the repo rate fixed and maintain its withdrawal of accommodative stance when it makes its policy announcement on August 10. The RBI is most likely to focus on how it will be coping with the rising inflation print.
India Business News: NEW DELHI: The Reserve Bank of India (RBI)is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-mo.
The RBI-led monetary policy committee (MPC) reatained the key policy rate, repo, at 6.5 percent and continued the policy stance as withdrawal from accomodation.
RBI Monetary Policy: About three-fourths of Indians are depositing ₹2,000 notes into bank accounts instead of exchanging them for smaller denominations