New Delhi, Aug. 3 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) begins its three-day policy meeting on Monday, with market participants widely expecting the central bank to keep the benchmark repo rate unchanged while maintaining a cautious stance amid evolving domestic inflation dynamics and global uncertainties.

Economists and market experts believe the RBI is unlikely to rush into any change in interest rates despite persistent global headwinds, including elevated crude oil prices and a relatively hawkish U.S. Federal Reserve. Instead, the central bank is expected to remain focused on domestic inflation, liquidity conditions and economic growth while closely monitoring external developments.

Vinay Pai, MD & Hea...