India: RBI sees keeping its rates unchanged this week – UOB

Lee Sue Ann, Economist at UOB Group, expects the RBI to maintain its monetary conditions unchanged at its event later in the week.

Key Quotes

RBI’s policy priority is containing inflation pressures while mindful of the ongoing pass-through of input costs, and concerns over weak external demand, and protracted geopolitical tensions, which pose risks to the outlook.

Notwithstanding the renewed inflationary pressures, we expect the RBI to keep the key Repo rate at 6.50% in Oct.