Hike or pause? It'll be a tough monetary policy call for MPC: BS poll

The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will have a tough call to make on whether to hike rates or not at its three-day meeting commencing Monday. The meeting’s outcome will be announced on Wednesday, August 1.

A policy poll of 15 economists and bankers by Business Standard showed six participants expected a rate hike, whereas nine expected a pause. 

A data-dependent Reserve Bank of India (RBI) will look at three critical factors — inflation, growth, and what might happen on the currency front if China devalues its currency even more. If competitive pressures depreciate