business
RBI May Maintain Status Quo in August MPC Amid Renewed Brent Crude Surge
Archived — last updated
The RBI is expected to maintain its current interest rates in the August Monetary Policy Committee meeting, as per a Moneycontrol poll of 13 participants, despite Brent crude prices nearing $100 per barrel.
Latest updates
RBI May Maintain Status Quo in August MPC Amid Renewed Brent Crude Surge
The Reserve Bank of India (RBI) may maintain its status quo in the August Monetary Policy Committee (MPC) meeting, amid a renewed surge in Brent crude prices. According to a Moneycontrol poll, all 13 market participants are leaning towards the central bank standing pat on interest rates. The RBI is expected to keep interest rates steady in August, despite the surge in Brent crude prices, which have risen to near $100 per barrel.
Sources
AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.
Topics
Related stories
EU considers acting on Russia shadow fleet sanctions without US support
Since Russia's full-scale invasion of Ukraine , Moscow has increasingly relied on a so-called shadow fleet to bypass Western sanctions and
France plans €4bn education spending amid debt concerns and nationwide protests
France plans €4bn for schools and €1bn for universities despite 120% debt and nationwide protests.
India raises fiscal year growth forecast to 7.3% amid Middle East instability
India's Ministry of Finance expects India's economy to grow at a pace of 7.3% in the current fiscal year based on its latest assessment of