India's Reserve Bank of India (RBI) policymakers decided to wait for more clarity on inflation before changing interest rates, according to the minutes from the central bank's Aug. 3-5 meeting released Wednesday.

The monetary policy committee held the benchmark repo rate at 6.5% for the fourth consecutive review, citing uncertainty around price pressures and global economic conditions.

While the panel maintained a cautious stance, one member indicated a potential case for a rate hike later this year if inflation trends persist above the RBI's 4% target.

The decision reflects ongoing deliberations as India navigates evolving domestic demand and external headwinds. Analysts note that the RBI's data-dependent approach underscores its commitment to anchoring expectations while remaining responsive to shifting macroeconomic dynamics.

Market participants are now closely watching upcoming inflation data and global central bank moves for cues on future policy direction.