HSBC stated in a report that the apex is likely to likely to maintain the rates till the next review meeting. The apex bank will keep the rates on pause. It is expected that the RBI may go for a rise in the rates by the last quarter of this fiscal year.
In the June 3 policy review, the RBI left key rates unchanged and unlocked about Rs. 40,000 crore of funds by reducing the amount of deposits banks are required to park in government securities This for the second time the RBI is maintaining the same rates. The next review meeting is scheduled to be held on 5th august,2014. HSBC stated that the RBI is likely to pause again in August to get a better sense of the inflation trajectory.