This will be the sixth bi-monthly monetary policy meet of FY18. Retail inflation rose to a 17-month high of 5.21 per cent in December.Other reports suggest inflation worries are overdone and RBI may cut interest rate by 25bps in April meet. "We still expect the RBI MPC to cut policy rates by a final 0.25 per cent in April," it added.It will be worth a watch how investors react when trading resumes on Monday. Selling shall get extended into the next week and take the index towards the 10,500 level, Mazhar added. The Nikkei India Services Purchasing Managers' Index (PMI) Business Activity Index rose to 50.9 in December from 48.5 in November.

Source: Economic Times February 04, 2018 05:03 UTC