After a 100-basis point reduction in the repo rate this year, the Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep rates unchanged in the upcoming monetary policy announcement scheduled for August 6. The MPC is also likely to maintain its “neutral” stance, signaling that it will take a wait-and-see approach before making any further moves. Although inflation projections for FY26 are expected to be revised downward, reflecting a more manageable inflation outlook, the RBI is anticipated to retain its real GDP growth forecast for the current year.