New Delhi, Feb. 4 -- The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged and maintain a neutral stance in its forthcoming Monetary Policy Committee (MPC) review, according to a report by Nuvama Research.

The report stated that the central bank is likely to remain on hold after cumulative easing of 125 basis points from the peak, which has brought the policy repo rate down to 5.25 per cent. It added that the RBI is expected to continue with a "neutral" stance in the upcoming policy review.

The RBI's MPC is scheduled to meet over three days on February 4, 5 and 6, with the policy outcome to be announced on Friday, February 6.

According to report, the transmission of past rate cuts to bank lending rates is s...