Additionally, Vineet Agrawal, co-founder of Jiraaf, noted, “The upcoming monetary policy review is likely to maintain the status quo, with the RBI keeping the repo rate unchanged. The central bank is expected to remain cautious as it assesses the impact of evolving geopolitical developments, crude oil prices and currency movements on inflation and economic growth. The stability in India’s 10-year government bond yield at around 6.7 per cent also indicates that bond traders are not pricing in an immediate change in interest rates.”
