Monetary policy: RBI likely to change stance to 'neutral' on Thursday


The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening" on Thursday and move closer to a rate cut in April as inflation stays below the central bank's 4 per cent target. A softer stance would bode well for Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May.

The ruling Bharatiya Janata Party is already in an election mode. In its budget on Feb. 1, the government doled out cash to.....

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