The RBI last week kept the key interest rate unchanged, retaining its focus on bringing inflation down
India’s July retail inflation will be published after market hours on Monday, and a Reuters poll predicts it to ease below Reserve Bank of India’s 4 per cent target for first time in nearly five years.
Inflation likely rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June, as rising food costs and hikes in telecom tariffs were offset by a higher base from July 2023.
