RBI to keep rates unchanged in next policy meet on June 7: Morgan Stanley
"Based on our consumer price index (CPI) forecast and RBI's stated real rate target of 1.5-2%, we expect RBI to lower rates by another 50 basis points in FY17," Morgan Stanley said in a research note.
A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. Image Source: Reuters/Vivek Prakash