New Delhi, April 1 -- The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.25 per cent in the upcoming Monetary Policy Committee (MPC) meeting and maintain its neutral stance, according to a report by Bank of Baroda.

The report noted that global conditions have changed significantly since the RBI's last policy announcement in February 2026.

It highlighted that the outbreak of the Iran war has heightened concerns in the Middle East, with damage to energy infrastructure in major oil-exporting economies. The situation has led to the Strait of Hormuz being virtually closed, pushing global oil prices above USD 100 per barrel.

It stated, "We expect RBI to hold policy repo rate unchanged at 5.25 per cent and...