Economists expect RBI to hold rates steady, rule out near-term policy hike
Mumbai, July 14 -- Leading economists have stated that the Reserve Bank of India (RBI) is locked into a tight operational balancing act and is widely anticipated to maintain a status quo in interest rates in its upcoming Monetary Policy Committee (MPC) meeting.
In an exclusive interview with ANI, the experts highlighted that despite the twin pressures of a volatile West Asia crisis and relentless supply-side inflation, a resilient domestic growth engine is currently providing the central bank the necessary cushion to maintain a "wait-and-watch" approach rather than panic-react.
Faced with a classic growth-versus-inflation dilemma, the analysts explained that India's domestic momentum is holding its ground against global storms.
Rajani ...
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