New Delhi, Dec. 5 -- As the Reserve Bank of India (RBI) prepares to deliver its policy decision on 5 December, market participants remain split on the central bank's move this time. The policy comes in the backdrop of record-low inflation, surprisingly strong real GDP numbers, weakening nominal growth and rising external risks.

A Mint poll of 13 economists shows that nine expect the RBI's Monetary Policy Committee (MPC) to pause on rates, while four see room for a 25-basis-point cut to 5.25%. Here are five things to watch out for in Friday's policy:

The primary question is: will soft headline inflation and a slowdown in nominal GDP give the RBI enough room to extend its easing rate cycle? The consensus is a pause, especially after GDP s...