Samiran Chakraborty

To start with, growth and inflation forecasts will be in focus as the RBI will also publish their Monetary Policy Report (MPR) along with the MPC statement

A change in stance could be inferred by the markets as a definite sign of rates peaking

The current account deficit remains uncomfortably high as India's growth momentum outpaces the rest of the world.

In the April policy, a change to a "neutral" stance will provide the MPC with more operational flexibility to move in case the inflationary pressures intensify

With little visible upside pressure on oil prices or core inflation, we might be entering a prolonged period of very low inflation

RBI likely to increase its March-end inflation forecast but at the same time trim down GDP growth forecast