Key benchmark indices snapped four-day winning run to end with modest losses on Friday.
The MPC, a six-member team headed by RBI governor Shaktikanta Das, had left the rates unchanged last time, citing concerns about inflation.
The RBI is scheduled to announce its bi-monthly policy review on August 6 at the end of the three-day meeting held from August 4 to August 6
Asian stocks traded mixed on Wednesday, a private survey showed accelerating Chinese services activity growth in July.
Asian stocks traded mixed on Tuesday as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert
US stock indexes closed lower Friday, with renewed concerns about a rise of cases of the delta variant Covid-19 and disappointing results from Amazon.
Ajit Mishra of Religare Broking is positive on Indraprastha Gas Limited with a target price of Rs 580.
Global markets: Asian stocks traded mostly lower on Friday amid escalating coronavirus concerns.
Overseas, Asian stocks traded lower on Wednesday, with stocks in Hong Kong struggling to recover from a two-day rout.
The domestic equity barometers ended a volatile session with modest losses on Monday.