Expectations from upcoming Monetary Policy Committee (August 2023) by Mr. Dhruv Agarwala, Group CEO, Housing.com, Proptiger.com and Makaan.com

New Delhi, August 09, 2023: As the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting approaches, market analysts expect the central bank to opt for maintaining the current status quo on both interest rates and policy stance. The RBI is closely monitoring inflation figures, particularly in light of the recent significant surge in prices of essential food items, including vegetables. Given the ongoing global economic uncertainties and persistent geopolitical risks, it is likely that the RBI will continue to exercise a cautious approach and keep interest rates unchanged, leading to a rate pause in its upcoming policy decision.
Corporate Comm India (CCI Newswire)