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RBI MPC Meeting Begins August 3, Repo Rate Likely To Stay At 5.25% As Focus Shifts To Liquidity Management

· Free Press Journal

Mumbai: India's Monetary Policy Committee (MPC) will begin its crucial policy meeting on August 3, with markets widely expecting the Reserve Bank of India (RBI) to keep the repo rate unchanged at 5.25 percent. According to a report by Nuvama, the central bank is likely to prioritise liquidity management over another interest rate move as it assesses evolving domestic and global risks.

Rate Pause Expected

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The report suggests that the RBI is likely to maintain a balanced and flexible policy stance rather than changing interest rates immediately.

After reducing the repo rate in previous policy reviews, the central bank is now expected to closely monitor inflation, liquidity conditions and economic growth before taking any further action.

Inflation Risks Remain High

Inflation continues to be surrounded by uncertainty, mainly due to supply-side risks.

Crude oil prices have remained volatile because of the conflict between the United States and Iran. Disruptions in the Strait of Hormuz and the Red Sea have also raised concerns over global supply chains.

Rupee Gains 15 Paise To ₹95.35 Against US Dollar On RBI Support, FPI Inflows

At the same time, the possibility of a weak or uneven monsoon and growing El Niño risks could push up food prices. Several companies have also increased product prices, adding to inflationary pressure.

Given these developments, the RBI is expected to avoid any immediate rate cut or hike until there is greater clarity on inflation trends.

Higher Bond Yields Support Status Quo

India's financial conditions have tightened in recent weeks, with the 10-year government bond yield moving higher.

According to Nuvama, rising bond yields reduce the need for additional policy action, strengthening the case for keeping the repo rate unchanged while focusing on liquidity management.

RBI Governor Backs India’s Growth Outlook, Flags West Asia Crisis & Weak Monsoon As Major Risks

Growth Outlook Still Mixed

India's economic outlook remains uneven despite signs of improvement.

Credit growth has picked up, but broader economic activity remains concentrated in a few sectors. Recent GST rate reductions have supported demand, although this benefit may weaken during the second half of FY27.

Meanwhile, increasing El Niño risks could affect agricultural output and food prices, putting pressure on overall economic growth. Weak global demand amid continued geopolitical uncertainty could also weigh on India's exports.

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Body of climber Nirmal Purja, six others recovered after Pakistan avalanche

· Al Jazeera

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'Awesome experience': More than 300 take part in Run the Runway 5K race at airport

· Yahoo Sports

JOHNSTOWN, Pa. – More than 300 people participated in the first 5K race on a runway of the John Murtha Johnstown-Cambria County Airport.

The inaugural Run the Runway 5K run and walk drew many runners for the more than three-mile race Saturday while others walked a two-mile course through the airport property in Richland Township.

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The event was co-hosted by the airport authority and the Pennsylvania Air National Guard's 258th Combat Airfield Operations squadron, which conducts air traffic control at the airport.

First across the finish line was Josh Daly, 37, of Richland.

"It's obviously a cool experience to see the airport up close," Daly said. "It's neat to see the different aspects and how much room there is out here. I think it was a well-organized event, especially for a first year. They did a good job of laying out the course."

Carrie Waldron, of Nanty Glo, walked the course.

"A plane took off from another runway during the race," Waldron said. "It was an awesome experience."

Among the runners of the race was also Tim McIlwain, an airport authority board member.

"It's got to be the only flat race in this region of Pennsylvania," McIlwain said.

Cordell Yerty, 90, of Johnstown's West End, finished the race in his wheelchair, propelled through the course by his granddaughter Ashley Stufft.

"He said he wanted to do a race, so we said 'why not now?,' " Stufft said. "This is the perfect venue to do a 5K."

Proceeds of the race benefit Aerium, the airport's affiliated 501 nonprofit for aviation education and workforce development, Airport Manager Cory Cree said.

"We had a tremendous amount of participants for this first race," Cree said. "We are thrilled. We expected 100 people, but we got more than 300."

The race was supported by more than 20 business sponsors.

Among the racers were some recruits of the Air Force National Guard.

Erik Mendes, an air traffic controller and military air field operations officer, had initially approached Cree with the idea to host the race and generate participation from among military members.

"Cory wanted to open it up to the community and that was a great idea," Mendes said. "The people in Johnstown have been nothing but supportive."

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