New Delhi, Feb. 5 -- Ahead of the RBI MPC meet in February, the State Bank of India in a report said that the Monetary Policy Committee of the Reserve Bank of India is expected to maintain status quo on the repo rate in its policy announcement.

The RBI MPC announcement scheduled for Friday is likely to see no repo rate cut amid continued global economic uncertainty, pressure on government bond yields and volatility in the domestic currency, the SBI report said.

It further noted that despite earlier MPC rate cuts, the central bank will hold the rates in its February policy as challenges posed by macroeconomic and global factors keep continuing.

Government bond yields have consistently shown hardening in the recent time despite the RBI e...