RBI likely to maintain status quo in December

However, weakness in the economic growth, as measured by the gross value added (GVA), could be a strong incentive to cut rates, but that would fan the inflation further

The Reserve Bank of India’s (RBI’s) six-member monetary policy committee (MPC) is unlikely to tinker with the policy rate on the December 5-6 review, as the inflationary pressures and normalisation of policies by global central banks would keep the Indian central bank cautious.
 
None of the 10 participants of a  Business Standard poll on monetary policy expected a change in rates next week, with some even cautioning that the rate-cutting cycle could be over for India.
 
The RBI may have “missed the opportunity” for a cut, said Rupa Rege Nitsure, group chief economist of L&T Finance.
 
“The