India, Aug. 6 -- A lot happened in the run-up to the 56th meeting of the Monetary Policy Committee (MPC) of RBI which ended on Wednesday. IMF's July update to the World Economic Outlook upgraded the Indian and world economy's growth forecasts. Post this update, US president Donald Trump imposed a tariff of 25% on India and termed the Indian economy as "dead". (Hours after the MPC decision, he announced an additional 25% tariff as penalty for India's crude oil imports from Russia.) How all of this turns out for the Indian economy is difficult to forecast at the moment. Therefore, it is understandable that the MPC has kept its growth forecast for 2025-26 unchanged at 6.5%, and not changed either the policy rate, or its stance. Having said t...