RBI expected to maintain key interest rate at 6.5% on August 8th, pending more data and US monetary policy cues.

Experts expect the RBI to keep the key interest rate at 6.5% on August 8th, as the central bank waits for more macroeconomic data before deciding on a rate cut. The US Federal Reserve's maintenance of its interest rate indicates potential monetary policy easing in the coming months. The RBI will monitor the US monetary policy trajectory before making any changes to its interest rate stance.

August 04, 2024
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