RBI Set to Hold Rates While Confronting Weak Rupee: Policy Guide

The Reserve Bank of India is likely to hold interest rates on Wednesday in its first policy decision since the Iran war, as it grapples with a sharply weaker rupee while trying to support economic growth.

All 30 economists surveyed by Bloomberg expect the central bank to keep the benchmark repurchase rate unchanged at 5.25%, after the RBI signaled a prolonged pause at its last meeting, though the outlook has since clouded.