It is expected that the Reserve bank of India will maintain the same policy rates in the monetary policy review to be held today. United Bank of India executive director Deepak Narang said that RBI would wait for some more time before effecting rate cut to prop up growth.
Though RBI can go for the cut down in rates but it is expected that RBI may wait till the next review. It has been further reported that although parameters are conducive for the rate cut but there is hardly any appetite for loan in the market. GDP has dropped down to 5.3% in the second quarter of this year.