Mumbai, Aug. 6 -- The Reserve Bank of India on Wednesday kept the repo rate steady at 5.5% and retained a neutral policy stance, with analysts divided over the central bank's continued silence on forward guidance even as inflation projections were sharply lowered and global risks mount.

According to Sandeep Yadav, Head - Fixed Income, DSP Mutual Fund, the August MPC echoed the same tone as the last one. "Governor Malhotra now resembles Gov Das in keeping cards close, using selective data, and avoiding clear commitments."

Inflation Ambiguity

RBI cut Q3FY26 CPI forecast from 3.9% to 3.1% but kept Q4 at 4.4%-implying a sudden Jan-Mar spike. If such foresight exists, why not disclose the reason? Inflation a year ahead is pegged at 4.9%, bu...