RBI Likely to Keep Repo Rate Unchanged Amid Inflation

The Reserve Bank of India (RBI) is likely to keep its main interest rate the same this week.

Retail prices in India went up to 4.38% in June, which is a bit above the RBI’s target but still inside the safe range.

Core inflation, which ignores food and fuel, stayed near 4%.

Other countries have raised rates because oil prices are high, but the RBI is staying calm.

Markets think the RBI might raise rates a bit later, about 75 basis points in the next year.