RBI likely to remain on hold in its upcoming policy: Malik

The RBI is likely to remain on hold in its upcoming policy, despite government's move on diesel price hike as it is unclear if the govt will be forced to backtrack, says Rajeev Malik, CLSA.

September 14, 2012 / 08:33 IST

Rajeev Malik, CLSA said, "The RBI is likely to remain on hold in its upcoming policy, despite government's move on diesel price hike as it is unclear if the govt will be forced to backtrack. Also, the bigger than expected 50 bps rate cut in April was on hopes of government action that never came through. The latest move only makes up for what should have been done much earlier by the government and was assumed by the RBI when it cut rates in April."

first published: Sep 14, 2012 08:25 am

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