RBI likely to keep interest rate unchanged as inflation still high: Experts
The RBI has kept rates unchanged since raising the benchmark repo rate to 6.5% in February. Despite a slight decrease in CPI-based retail inflation in August, it remains above the RBI's target of 6%. Experts also highlight uncertainties surrounding crop production and anticipate the RBI's cautious approach amid a cloudy outlook for food inflation and elevated crude oil prices.
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