Mumbai, June 3 -- The Reserve Bank of India (RBI) is likely to maintain the status quo on interest rates in its monetary policy announcement on Friday as the impact of the ongoing crisis in West Asia on economic growth remains difficult to assess, according to a report by Bank of Baroda.

The report said the central bank is expected to continue with a data-dependent approach while balancing growth concerns, inflation risks and global uncertainties.

"We may expect status quo on rates as the impact on growth due to the crisis is still difficult to ascertain, and on the inflation front, an increasing trend is imminent," the report said.

Bank of Baroda also expects the RBI to retain its neutral policy stance, saying it provides the central ...