‘Reserve Bank to maintain status quo through 1st half of this year’


New Delhi, Feb 18: The Reserve Bank is expected to be in wait-and-watch mode in the near term, and is likely to maintain status quo, through the first half of this year, says a report.
According to Kotak Institutional Equities, besides rising retail inflation, the other factors that are expected to keep RBI’s Monetary Policy Committee (MPC) on guard include clarity on monsoons, MSP hike decisions and crude oil prices. “We expect MPC to maintain status quo, at least through 1HCY18.”