The rupee is likely to be a joker in the pack in the Reserve Bank of India’s mid-quarter monetary policy review announcement on Monday. If the RBI focuses on the upside risk to inflation from the eight per cent depreciation of the rupee against the US dollar, then it might hold off on cutting repo rate on Monday. The central bank may maintain status quo on policy rates in order to assess the exchange rate trajectory and the pass through to prices in a sluggish economy............
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