ICRA forecasts RBI to maintain repo rate in August
ICRA expects the RBI to maintain the repo rate at its August MPC meeting, despite retail inflation rising to 4.4% in June. The agency cites easing crude oil prices as a factor in this decision, with potential hikes postponed until later this financial year depending on inflation developments.
after close1 source ↓written by the desknot a recommendation
- in June
- 4.4%
- in June
- 3.9%
ICRA anticipates that the Reserve Bank of India will keep the repo rate unchanged during the August Monetary Policy Committee meeting. This expectation follows a rise in retail inflation to 4.4% in June from 3.9% in May, tempered by a decline in crude oil prices. The agency suggests any rate hike may be delayed until later in the financial year, depending on inflation trends.
Not investment advice. For informational purposes only.