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RBI likely to keep repo rate unchanged in June, says Goldman Sachs

Updated : May 30, 2019 08:10 AM IST

The Reserve Bank of India (RBI) may leave repo rate unchanged next week due to uncertainty over oil prices, monsoon, weak transmission of monetary policy and on expected pick-up in inflation, says Goldman Sachs report.
"We expect the RBI to keep policy rates on hold during the June meeting", it added.
The report expects some pick-up in food inflation over the course of the year as favourable base effects begin to wane and momentum continues to build as indicated by the recent prints on consumer and wholesale prices.
RBI likely to keep repo rate unchanged in June, says Goldman Sachs
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