The Reserve Bank of India (RBi) today said it would announce the first quarterly review of monetary policy on July 26.
This will be done in a meeting with the chief executives of major banks, the central bank said in a statement.
In its mid quarterly review earlier this month, the RBI raised key policy rates by 25 basis points in its effort to tame inflation.
The RBI has raised the short-term lending (repo) rate by 25 basis points to 7.50% and the short-term borrowing (reverse repo) rate will move up by a similar margin to 6.5%.
The rate hike was 10 time in the last 15 months as part of inflation containing measure.