RBI to stay on status quo for the rest of 2017: Here's what experts say

The Reserve Bank of India (RBI) has decided to the repo rate unchanged at 6 per cent

The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6 per cent. The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India (RBI) Governor Urjit Patel, announced interest rate decision on Wednesday while presenting its fourth bi-annual monetary policy.
 

Analysts largely expected the central bank to maintain the status quo, but added there could be a rate cut later in the financial year. 

Next policy meeting has been scheduled for December 5.

Here's what experts have to say:

Tushar Arora, Senior Economist of HDFC Bank to Sify.com

"No