RBI to maintain status quo: Poll

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Bankers and economists expect the Reserve Bank of India (RBI) to maintain status quo in its sixth monetary policy on Tuesday even as room for more rate cuts could open once the Union Budget is through on February 29.

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In a pre-policy poll done by Business Standard of 10 institutions, all but one expect RBI to keep its policy repo rate unchanged at 6.75 per cent. Bank of America-Merrill Lynch economist Indranil Sen Gupta, though, expected there were compelling reasons for the central bank to execute a 25 basis point (bps) cut on February 2 and pause thereafter.

Read Full Article Over Here : Business Standard News

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