See no rate cut; can meet Jan '16 inflation target:Deutsche

Taimur Baig of Deutsche Bank expects Reserve Bank Governor Raghuram Rajan to hold steady on policy rates today, highlighting there's no need to cut rates based on GDP figures.

Speaking to CNBC-TV18, Baig says the 7th Pay Commission gives the Governor one more thing to worry about.

However, he is hopeful of the central bank meeting its 5 percent inflation target for 2016-17.Abheek Barua, chief economist, HDFC Bank also expects Guv Rajan to keep rates unchanged in today's policy meet. The next rate cut, he says will be only post the Union Budget.

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