India: RBI seen on hold this month – UOB

Economist Lee Sue Ann at UOB Group sees the Reserve Bank of India keeping its policy rate unchanged at its August 10 event.

Key Takeaways

While the possibility of further rate increases remains on the table, we see a high likelihood of the RBI maintaining its rate pause, for now, at 6.50%.

Incoming data, particularly consumer prices, as well as developments in the external environment will be the main factors of consideration for the upcoming decisions.