Analysts see RBI remain accommodative, hold rates in June 4 policy review

Inflation and growth concerns amid firm commodity prices and the second wave of Covid that triggered sporadic lockdowns across key cities in India could see the Reserve Bank of India (RBI) maintain an accommodative stance in its upcoming policy review between June 2 and 4, say analysts.

In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates ‘for as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target going forward.’

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