RBI Likely to Pause Rate Cuts in August

The Reserve Bank of India (RBI) is expected to keep interest rates the same in August but might raise them later in the year.

This is because inflation is expected to rise, the economy is growing faster than expected, and banks are lending more money.

The RBI wants to make sure the economy doesn't overheat.

They are also watching food prices, which could go up if the monsoon rains are late.

The RBI will wait to see more data before deciding to raise rates, but the overall trend suggests rates might go up by the end of the year.