Monetary Policy preview: Will the RBI hike interest rates tomorrow?

Here is what top research houses and brokerages expect.

The Reserve Bank of India's (RBI’s) Monetary Policy Committee (MPC) will release its policy statement on Wednesday, August 1, 2018. Currently, the repo and reverse repo rates stand at 6.25 per cent and 6 per cent, respectively.

The policy comes amid rising inflation and a falling rupee. The widening current account deficit in an election year is also a key monitorable for the policymakers.

Recently, investment guru Mark Mobius also commented that the central bank will make a big mistake if it was to hike rates in August. Most economists in a Bloomberg News survey expect the Reserve Bank of