The upcoming meeting of the Reserve Bank of India (RBI) on December 6 is expected to result in no change to the current interest rates.
This decision is a response to the significant increase in consumer inflation, which has caused economists to revise their forecasts for the timing of the first rate cut in the current cycle.
According to a recent Reuters poll, analysts have adjusted their expectations for the initial rate reduction from December to February due to growing concerns about inflationary pressures.
The RBI's approach to dealing with rising prices in the economy will be closely watched.