(NDTV)
The Reserve Bank of India or RBI could indicate a dovish tilt in its monetary policy stance while leaving interest rates unchanged, according to economists. The RBI will announce its policy review at 2:30 pm later in the day. A Reuters poll showed 56 of 60 analysts expect the RBI’s monetary policy committee to keep its repo rate unchanged at a 6-1/2 year low of 6.25 per cent for a fourth meeting in a row. What analysts and investors are looking for this time is a less hawkish policy statement to reflect reduced fears of inflationary pressures. “We don’t expect any change in the official neutral stance but we do expect RBI to tone down its hawkishness compared to the April and February policy statements,” said Siddhartha Sanyal, chief India economist at Barclays.
