The Wall Street bank said lower inflation projections, and expectations of a slower pace of US policy rate hikes prompted it to shift its call from a previous forecast of no change in February
"The government welcomes the MPC's assessment and notes its decision to maintain the policy rate," he said
Though CPI inflation is likely to be 5.2 per cent in December 2017, it would cool down to around 4.5 per cent in the first half of 2018, suggested BofAML
The RBI too has upped its inflation projection to 4.2-4.6% by March 2018
The bond market suggests that inflation will stay elevated
We expect the RBI to cut policy rates, if not in December then in its next policy review: Finance Ministry
CPI based inflation, adjusted for house rent allowance is moderating, and the HRA impact is largely 'statistical': Report
India's retail inflation had swelled to 5-month high of 3.36 per cent in August on costlier vegetables and fruits
FM Jaitley recently said the govt would come out with additional measures to boost economic activities
It's ironical that every time a crucial quarterly meet is due, huge pressure is exerted upon the RBI from different quarters
Officials say lower interest rates needed to boost manufacturing
In its last policy review in August, the RBI reduced the repo rate by 0.25% to 6%
RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month
RBI Committee on Monetary Policy did not have a unanimous opinion on rate cut
Fixed-income investors should try to lock in to the best rates that are still available
The rate cut is the RBI's first since one of the same size in October
The Bank Nifty index, a gauge for the performance of banking stocks, fell 0.3%
Here is a closer look at Michael Patra and Ravindra Dholakia's past views
RBI cuts rate, but unsure about inflation trajectory
RBI's MPC meet begins; decision on rates on August 2