India: RBI seen keeping rates unchanged – UOB

Economist at UOB Group Lee Sue Ann expects the RBI to maintain its policy rates unchanged at 6.50% at its event later in the week.

Key Quotes

With headline CPI inflation likely to remain above RBI’s 4% target till late 2024, we expect RBI to keep peak policy rates unchanged through most of calendar year 2024 to anchor the disinflation process.

For the upcoming 8 Dec MPC meeting, we expect RBI to keep the repo rate unchanged at 6.50%.