RBI Rate Outlook: What to Expect in August

Alok Singh, CIO at Bank of India Mutual Fund, anticipates that the RBI may keep interest rates unchanged in August amidst current market uncertainties. With inflation at a multi-year low, there’s potential for a rate cut later this year. The earnings season is progressing as expected, particularly in banking and IT, though the consumer sector faces challenges. A favorable trade deal with the USA and government measures could boost demand, while midcap companies are emerging as promising investment opportunities, possibly outperforming large caps this fiscal year.