RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

New Delhi: State Bank of India (SBI) Chairman Dinesh Khara Wednesday said the Reserve Bank of India is likely to maintain status quo in the upcoming monetary policy.

“As a bank we don’t don’t expect rate cut, status quo is likely to be maintained by the RBI,” he said at an event organised by industry body CII here.

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The next meeting of the Monetary Policy Committee of the Reserve Bank of India is scheduled to be held August 8-10, 2023.

In its June 8, policy review meeting, the Reserve Bank of India left its key interest rate unchanged for a second straight policy meeting but signalled that it wants to see inflation moderate more while keeping an eye on the monsoon.

PTI