The Reserve Bank of India (RBI) will head into its second monetary policy review of the current fiscal on Tuesday. In comparison to the big bang April policy, where the central bank decided to ease liquidity conditions substantially to improve transmission of lower rates, the June policy is expected to be a quiet one.
A status quo in June won’t surprise anyone though. As such, the more relevant question to seek an answer to is whether interest rates, more broadly, have plateaued?
