New Delhi, Dec. 1 -- India's strong Q2 GDP data and evolving macroeconomic scenario could push the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) to maintain a status quo on benchmark interest rates in its December policy meeting, according to State Bank of India (SBI).

Noting resilient growth and low inflationary trends, the RBI MPC has been keeping the repo rates steady for the last two consecutive meetings- in August and in October- after cutting rates by 50 basis points in June.

At present, with strong GDP prints and record low inflation, chances of a rate cut in December have dwindled significantly.

"Expectations built till a few days back of a shallow rate cut of 25 bps appear to have faded as finer readings of the s...