MUMBAI: The Reserve Bank of India (RBI) is expected to keep interest rates on hold today for the fourth straight meeting but maintain a cautious tone despite a sharper-than-expected pullback in inflation in the last few months.
The Monetary Policy Committee (MPC) is likely to stick with its “neutral” stance and flag uncertainty over the inflation outlook beyond June due to factors such as oil prices and the government’s promise of increasing the minimum purchase price of food grains from farmers.
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