RBI MPC expected to 'pause and watch' how inflation plays out

India's inflation outlook has changed in the last few months due to rising vegetable prices along with a few pulses and grains. While MPC is expected to increase its inflation projections it might not rush into a rate hike in August, economists say. While central banks of developed economies are still hiking interest rates, developed economies are actively decoupling. Advertisement Advertisement Advertisement Meeting Base rates June meet Rates kept unchanged April meet Rates kept unchanged February meet Rates hikes by 25 basis points to 6.5% Even those who aren't keeping a keen eye on inflation would have noticed the surge…