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RBI likely to maintain status quo

According to a Bloomberg market survey, all 26 economists have voted that the RBI will maintain status quo.
The RBI has become more cautious on the inflation in the last few months, however in this policy, they are likely to maintain status quo

According to a Bloomberg market survey, all 26 economists have voted that the RBI will maintain status quo.

Bond Markets have seen a good relief post the borrowing programme announcement, in addition to it, the forecast by Skymet predicting normal monsoons have added onto the positive momentum, with bond markets seeing good volumes on Wednesday.

The market participants are likely to remain on sidelines ahead of the policy announcement today, as the attention would be on the growth outlook, an expectation of near-term inflation trajectory and the banking sector.