India, Feb. 5 -- RBI Governor Sanjay Malhotra-headed six-member rate-setting panel on Wednesday started deliberations on the next set of bi-monthly interest rate in the backdrop of growth-focused Union Budget and announcement of India-US trade deal, which lifted market sentiments.The decision of the Monetary Policy Committee (MPC) will be announced by Malhotra on Friday morning.Experts are of the view that the RBI has already reduced the key short-term lending rate (repo) by 125 basis points since last February, and may go for status quo on rates as there are no pressing concerns on either growth or inflation fronts.

However, some are of the opinion that the central bank may go for one more rate cut to further borrowing cost. A BofA Glob...