The Reserve Bank of India’s monetary policy committee is anticipated to maintain the repo rate during its upcoming review but may adopt a hawkish stance due to recent increases in food prices. RBI Governor Shaktikanta Das is likely to express caution regarding inflation risks, driven by a surge in domestic food prices and elevated global crude oil prices. With limited room for a dovish stance, the central bank may revise its inflation projections higher for the fiscal year. The RBI is expected to communicate potential upside risks to inflation, including elevated global commodity prices and rupee depreciation.