 "Reserve Bank of India")
With the announcement of Reserve Bank of India’s monetary policy statement just a day away, experts believe the central bank is unlikely to cut interest rates on Thursday, as upward risks to inflation still persist. Also, the RBI shifted its policy stance from accommodative to neutral in its February policy review.
More than a move on the interest rate, market experts expect the central bank to introduce measures to squeeze excess liquidity out of the banking system and deal with banks’ bad loan woes.
“We foresee a status quo on policy rates in the monetary policy review. This expectation
