RBI likely to maintain status quo on rates for entire 2018, say experts

As such, even as the market is not expecting a rate hike immediately

The Reserve Bank of India (RBI) is likely to keep the key policy rates unchanged in 2018, despite bond yields rising sharply in the past three months. A rate hike might not come in the entire calendar year, economists and bond dealers said, adding a rate cut was not a possibility either. 

The sharp upward movement in yields started in October last year, when the 10-year bond yields stood at around 6.65 per cent. The yields are now at 7.33 per cent. In the same period, the one-year overnight index swap (OIS), an instrument used to hedge rates, rose from 6.09