RBI status quo on repo rate in policy: Tightrope walk ahead, say experts

Chief Economist of Yes Bank Shubhada Rao said, "Cut inflation forecast is sizeable, and is being done for what's seem as peak period."

The Reserve Bank of India kept its policy repo rate unchanged at 6 per cent on Thursday, for a fourth straight time. 

A central bank survey projected real GDP growth at 7.3 per cent in the first quarter of 2017-18 and 7.2 per cent for the rest of the financial year.

YES Bank Chief Economist Shubhada Rao said, "The cut in inflation forecast is sizeable, and it is being done for what seems a peak period," Bloomberg reported. The new inflation forecast presents very limited case for rate hike, she added.

Anshula Kant, Deputy MD & CFO, State Bank of India,