New Delhi, Nov. 30 -- State Bank of India (SBI) Research expects the Reserve Bank of India to keep policy rates unchanged in the upcoming Monetary Policy Committee meeting from December 3 to 5.
The MPC is responsible for fixing the benchmark interest rates in India. Meetings of MPC are held at least four times in a year (specifically, at least once a quarter), and it publishes its decisions after each meeting.
SBI report said the stronger-than-expected growth data and global uncertainty have reduced the chances of a rate cut, even though many were expecting a shallow 25-basis point reduction earlier.
SBI believes the focus should now shift to managing liquidity rather than altering policy rates.
The report pointed out that the gap betwe...