The Reserve Bank of India faces the challenge of a weakening rupee, with the market generally expecting the bank to keep interest rates unchanged this week.

```htmlGolden Ten Data reported on April 7 that the Reserve Bank of India will likely keep interest rates unchanged on Wednesday, marking its first policy decision since the outbreak of the Iran war. The bank is striving to support economic growth while dealing with a significant depreciation of the rupee. All 30 economists surveyed by Bloomberg expect the Reserve Bank of India to keep its benchmark repo rate steady at 5.25%, even though the economic outlook has dimmed since the last meeting. At that time, the bank had already indicated a long-term pause. The Middle East crisis has placed the Monetary Policy Committee in a difficult position. Since the conflict broke out, the rupee’s decline has become a key pressure point, prompting the Reserve Bank of India to take its most aggressive measures in over a decade to curb speculative bets against the currency. The Reserve Bank of India now faces a dilemma: whether to raise interest rates to support the local currency, or maintain low borrowing costs to buffer economic growth.```