RBI expected to opt for a status quo in policy repo rate
This is the unanimous view among analysts ahead of the three-day meeting of the monetary policy committee (MPC) from Wednesday
An uneven recovery in the Indian economy is likely to see the Reserve Bank of India (RBI) opt for a status quo in the policy repo rate and maintain its accommodative stance despite elevated inflation which has remained above its 2-6 per cent tolerance band for two months in a row.
This is the unanimous view among analysts ahead of the three-day meeting of the monetary policy committee (MPC) from Wednesday. Though analysts are expecting status quo on rates, they are looking forward to comments from the central bank on draining out the excess liquidity or policy normalisation.