New Delhi, April 7 -- The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India.

Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action may not be effective in addressing the current challenges arising from the ongoing West Asia conflict.

"With the conflict and uncertainties, we can expect a status quo in rates. There could be some announcements related to liquidity measures, but a rate action is unlikely," he said.

On growth, Banerjee noted that while the RBI may signal con...