RBI Set to Decide on Rates in August Amid Inflation Jitters

The RBI is gearing up for its August meeting, set from August 3 to 5, to decide if interest rates will stay put. With inflation worries rising like a hot air balloon and the monsoon playing peek-a-boo, economists think a cautious approach is best. They’re keeping an eye on global oil prices and the weather before making any big moves.