RBI seen on hold this week – BBH

In view of analysts at BBH, the RBI is expected to keep its monetary conditions unchanged at this week’s meeting.

Key Quotes

“Reserve Bank of India meets Thursday and is expected to keep rates steady”.

“CPI rose 4.4% y/y in February, which is in the top half of the 2-6% target range.  This should keep the RBI in hawkish mode, though markets are not pricing in a hike until 2019”.