RBI may keep interest rates unchanged on August 9

TIL Desk/Business/New Delhi-Reserve Bank of India may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 per cent and July-August prints may also stay high.

According to the global financial services major, the room for further easing by the Reserve Bank is dependent on the inflation path and make-up of the monetary policy committee.

“The second quarter (April-June) inflation hastened to 5. 7 per cent year-on-year, with a high likelihood that July-August prints will also stay high. This diminishes the window to cut rates this quarter(July-September).