Economists are anticipating a rate increase as the central bank weighs its options. Pressure on the rupee and rising energy costs are key factors in this decision. A three-day meeting is currently underway to discuss the benchmark rate.

The current rate is 5.25%, and analysts expect a potential hike of 25 basis points. This decision is being closely watched by markets.

Further details on the meeting and potential outcomes are available from the source, including the expected impact of inflation and crude oil prices on the decision.