Since then, he has been persuading banks to fully transmit the benefit of the policy rate cut to customers. “RBI is likely to maintain status quo this time. It was the first bi-monthly monetary policy review of the current financial year 2016-17. Photo: Dhiraj Singh/BloombergNew Delhi: With the retail inflation showing signs of hardening, RBI (Reserve Bank of India) governor Raghuram Rajan may maintain status quo in the bi-monthly monetary policy review on Tuesday and wait for the impact of delayed monsoon rains before making the next move, say experts. After a gap of six months, RBI had cut the repo rate, at which it lends to other banks, by 0.25% to 6.5% in April.

Source: Mint June 05, 2016 08:37 UTC