New Delhi, April 6 -- The Reserve Bank of India (RBI) is expected to keep key policy rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting scheduled for April 6 8, according to a report by SBI Research.
The report cited heightened global uncertainty due to the ongoing West Asia conflict, adding that as the situation is still evolving, we expect the RBI to maintain the status quo in the upcoming policy, which will be the first review since the escalation of tensions, reported ANI.
SBI Research highlighted significant disruptions in global energy markets, particularly due to the effective closure of the Strait of Hormuz, which has led to a sharp spike in crude oil prices.
The rupee has weakened past 93 against the US ...