RBI likely to keep interest rates unchaged
With the RBI's last monetary policy review of this fiscal coming up on Tuesday, analysts expect the central bank to keep interest rates unchanged, citing inflation trending upwards, current nstability in markets and insufficient transmission as basis for their projection. "Considering the near-term risks on CPI (consumer price index) inflation and the uncertainties around FY17 Budget, we expect the RBI to leave rates unchanged until the budget on February 29," Citigroup said in a note. India's CPI, or retail, inflation has been rising. As per data released earlier this month, annual retail inflation moved up further to 5.61 percent in December, from 5.41 percent during the month before.
