RBI may hold rates this week, a year after last hike

The Reserve Bank of India (RBI) is anticipated to maintain interest rates following the conclusion of its monetary policy committee's meeting on February 8th. Despite the significant reduction in the government's fiscal deficit in its interim Budget on February 1st, which has enhanced the potential for an earlier-than-expected rate cut, most bankers and economists predict that the RBI will opt for a status quo.

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