World Economy

RBI Sticks to Status Quo

RBI Sticks to Status QuoRBI Sticks to Status Quo

As inflation trends upwards,  the Reserve Bank of India may keep interest rate unchanged in the upcoming monetary policy review on Tuesday and possibly take a call post-budget 2016-17, which will give a direction about key macroeconomic parameters, including fiscal deficit, PTI quoted experts as saying. However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to economy. According to a Citigroup report, RBI is likely to keep key policy rates unchanged until the budget and go for a 0.25% easing in March or April this year.