New Delhi, April 5 -- The Reserve Bank of India (RBI) is likely to keep key policy rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting scheduled for April 6-8, amid heightened global uncertainty triggered by the ongoing West Asia conflict, according to a report by SBI Research.

"As the situation is still evolving, we expect RBI to maintain status quo in the upcoming policy," the report said, highlighting that this will be the first policy review since the outbreak of the conflict.

The report noted that the war has "plunged the entire world into chaos," with disruptions in global energy markets emerging as a key concern. It pointed out that the "de facto closure of the Strait of Hormuz... has produced the largest disr...