Economists have indicated that the Reserve Bank of India (RBI) is unlikely to change the repo rate or its policy stance in its upcoming monetary policy committee (MPC) meeting, which is scheduled from April 6 to April 8. The cautious approach comes in the wake of ongoing geopolitical tensions and rising crude oil prices, which have affected global economic stability as reported by IANS.

No repo rate change expected

According to experts, the RBI will maintain the current repo rate, and no immediate steps are expected to manage liquidity or the currency. Madan Sabnavis, Chief Economist at Bank of Baroda, said, “We do not expect any measures for either liquidity or currency management as RBI will act whenever required, as we have seen of late.”