INSUBCONTINENT EXCLUSIVE:
RBI Monetary Policy: The central bank may keep key rates unchanged over inflation concernsRising retail inflation which touched 6 per cent
to normal across the country, may encourage the Reserve Bank of India (RBI) to keep the lending rates unchanged as its monetary policy
committee (MPC) meets tomorrow on August 4.RBI Governor Shaktikanta Das, who will announce the committee's decision on the third and final
August 6, 2021, may take these factors into consideration as well as the views of the other committee members before taking a call on the
on the committee's final views, the overall condition of key economic indicators are likely to be considered by the MPC during the
meeting.However at the same time, deficit rainfall during July which led to poor kharif sowing, could lead to higher food inflation
This could be a matter of concern for the committee and it may have to adopt a defensive stance.However adopting a status quo may also help
curb excess liquidity, which in turn could help control inflation.
