It has been reported that Reserve Bank of India will keep the rates same in the annual monetary policy to be held on 1st April. 2014. HSBC country head Naina Lal Kidwai stated that though the inflation seems to be relived, but still they expect the RBI to maintain the status quo.
The Final decision will be announced in the review meet next week. Federal Bank managing director Shyam Srinivasan stated that it seems that RBI will not go hiring of rates this time and may maintain the same rates. While the MD of PNB stated that RBI decision will depend on outlook of inflation.
Since Mr. Rajan has taken the charge as the governor of RBI, he has raised the rates three times. It can be a tough call for the RBI this time.