RBI Policy Preview - Status Quo on Policy Rate Expected

We expect that the MPC will maintain the current policy rate and stance in October policy meeting.
Inflationary risks have not fully abated, specifically concerns around food inflation continue to linger.
Although economic growth has been healthy, there are some early signs of softness.
The RBI is expected to remain nimble and flexible in its liquidity management ensuring money market interest rates evolve in an orderly manner.
If food inflation moderates, we could see a shallow rate cut of 50 bps in the upcoming policy meetings in this fiscal year.