RBI may again pause repo rate at this week's policy meet: SBI Research
Besides putting a brake on the interest, the RBI is expected to downgrade inflation projections for 2023-24. The MPC is expected to once again opt for a pause in rate hikes during its bi-monthly monetary policy set to be held this week. Retail inflation is projected to moderate to 5.2 per cent for 2023-24 in India as estimated by RBI in its April monetary policy meeting; with Q1 at 5.1 per cent; Q2 at 5.4 per cent; Q3 at 5.4 per cent; and Q4 at 5.2 per cent.