Tag: kaushik das

MUMBAI: The Reserve Bank of India's monetary policy statement this week is likely to indicate a hawkish pause, with inflation threatening to rise over the central bank's threshold level.The monetary policy committee (MPC) will meet between August 8 to 10 to review the repo rate -the rate at which central banks lends to banks-which was raised by 25 basis points to 6.5% in February 2023. In the two MPC meetings that followed, the members voted for a pause. None of the economists are forecasting a rate cut in...