The RBI MPC is expected to maintain the repo rate at 6.5 per cent, focusing on withdrawal of accommodation stance, as per economists. If the RBI sticks to the current rates, it will mark the seventh consecutive time the key lending rate remains unchanged. RBI Governor Shaktikanta Das will reveal the outcome of the bimonthly meeting that began on April 3, with the decision scheduled for April 5 at 10 am.
A median poll of 10 economists by the ET had showed the economy clocking growth figures of 6.7%, 20 basis points more than that of the RBI estimate for the quarter. A Reuters poll of economists estimated India s GDP growth at 6.8% in the July-September period, easing from the previous quarter s 7.8%.
The minutes of the latest RBI monetary policy committee (MPC) meeting released on Friday showed the central bank has shifted its focus to fighting surging inflation even as growth worries remain.