RBI likely to maintain status quo in monetary policy review, says report | Business – Times of India Videos

According to a report, with a significant rise in retail inflation, the RBI likely to maintain the status quo in its August monetary policy review. According to the SBI’s research report- Ecowrap, inflation may remain elevated in the coming months due to several global and domestic factors. ‘We expect a status-quo in August. We believe RBI would still try to find a marriage of convenience of regulatory and developmental measures and monetary policy in August policy,’ the research report said on Wednesday. It further noted that ‘the die has been cast, but the RBI can still hold out with a firm message of ratcheting up inflationary pressures in the August policy statement.’