RBI likely to keep key rates steady, liquidity steps eyed

The Reserve Bank of India's Monetary Policy Committee is likely to keep key interest rates unchanged when it announces its decision after a three-day meeting. The central bank is also expected to reiterate its commitment on liquidity.

India's central bank will likely keep interest rates at record lows this week as it assesses the economic fallout of the country's evolving COVID-19 crisis, but the monetary authority is expected to reiterate its commitment on liquidity. The Reserve Bank of India's (RBI) monetary policy committee (MPC) will likely keep the key lending rate or the repo rate unchanged at 4% for a sixth straight meeting when it announces its decision after a three-day meeting on Friday. All 51 economists polled by Reuters expected the MPC to hold rates as Asia's third-largest economy grapples with various state lockdowns.