Crisil hints at status quo in RBI monetary policy

In a research note it projected CPI-based inflation to average 5% in 2017-18

A day ahead of RBI's annual monetary policy for 2017-18, CRISIL on Wednesday saw pressures on inflation building up and said that there is a case for RBI's stance to be disinflationary which could hurt the economic growth in near term. This implies that RBI might not cut rates on Thursday.
 

In a research note it projected the consumer price index (CPI)-based inflation to average five per cent in 2017-18, which would be 30 basis points higher than the previous year's.
 

Crisil further said that the monetary policy might have to clearly articulate the glide path to rein in CPI