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The Reserve Bank of India's rate-setting panel is expected to maintain the policy interest rates unchanged in its upcoming meeting, as it monitors inflation amid rising crude oil prices and potential rate hikes in the US. The Monetary Policy Committee is likely to keep the repo rate at 6.50% and maintain its stance of withdrawal of accommodation. The increase in global oil prices and the strengthening US dollar have increased inflation and current account deficit risks for India.

Experts predict that the Reserve Bank of India (RBI) will maintain the benchmark interest rate at 6.5% in its upcoming monetary policy review. Factors

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That more elevated future rate path reflects that the economy is holding up better than expected in the face of the Fed's policy changes so far: Officials forecast stronger growth, lower unemployment and slower inflation at the end of 2023 than they had earlier predicted.