RBI could adopt a less hawkish stance should liquidity conditions remain easy in India and oil below $100 a barrel, said Deutsche Bank on Monday.
It added that continued foreign inflows into India and rising financial savings could keep liquidity easy.
Still, Deutsche said rate cut is not in its base case.
Overnight cash rates were up at 8.05/8.10 per cent versus Friday’s close of 7.70/7.75 per cent.
