The Reserve Bank of India in its upcoming policy meeting on June 8th is expected to continue with its interest rate pause stance. In the previous policy, the MPC clearly stated that its next move would depend on data, and the latest inflation numbers were within the RBI target inflation range. The CPI inflation data for April came in at an 18 month low of 4.7%. MPC may though continue with withdrawal of accommodation stance. Important to see if there be any changes announced in the inflation and GDP projections for FY24.