Mumbai, July 31 -- Amid the new 25 per cent tariff by the US, economists believe the Reserve Bank of India (RBI) is likely to keep the key interest rate unchanged at 5.5 per cent in its upcoming Monetary Policy Committee (MPC) meeting scheduled from August 5 to 7.

In exclusive conversations with ANI, several top economists shared their expectations and forecasts ahead of the policy decision due on August 7.

Dipanwita Mazumdar, Economist at Bank of Baroda, told ANI that the RBI is expected to adopt a "wait and watch" approach in the upcoming meeting.

"For MPC, we expect a wait and watch approach as already significant frontloading has been done by RBI. Anecdotal evidence shows in an uncertain global policy space; a cautious data depende...