The Reserve Bank of India (RBI) is expected to keep interest rates steady while adopting tougher rhetoric on inflation at its policy review on Tuesday due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

RBI Governor Raghuram Rajan will also likely reiterate his warning about the potential destabilising impact of outflows from emerging markets should the US Federal Reserve increase interest rates earlier than expected.

The tone is likely to be less dovish than at the RBI last policy meeting back in June.

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