NEW DELHI: The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.5 per cent and maintain its existing stance in the upcoming December Monetary Policy Committee (MPC) meeting, a report by YES Bank said.

The report highlighted that the central bank is likely to remain on pause as the space for incremental rate cuts is limited, making it a “touch-and-go” policy where the decision could swing either way. It stated, “We expect the RBI to stay on a pause in December and keep rates and stance unchanged”.

The report further noted that while headline retail inflation has remained below the 2 per cent mark and is expected to stay low over the next three to four months, India’s economic growth has continued to surprise positively.

Growth in the second quarter of F

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