The Reserve Bank of India (RBI) is expected to hold key rates steady at its policy review next week as growth begins to show some signs of revival and concerns about rising prices are seen deterring further cuts, a Reuters poll shows.
Of 25 analysts polled, 22 expected no change in the key repo and the reverse-repo rates, and three said the Reserve Bank of India may cut both rates by 25 basis points at its July 28 policy review.
While the RBI's aggressive rate-cutting cycle since last October looks to be over, analysts do not expect rate hikes until the first quarter of 2010 at the earliest.
Of 25 analysts polled, 22 expected no change in the key repo and the reverse-repo rates, and three said the Reserve Bank of India may cut both rates by 25 basis points at its July 28 policy review.
While the RBI's aggressive rate-cutting cycle since last October looks to be over, analysts do not expect rate hikes until the first quarter of 2010 at the earliest.
Source url: http://in.reuters.com/article/businessNews/idINIndia-41230420090727