However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to economy.

"We can hope for rate cut. There is a case for deliberation and deliberations are related to data points and data points are going to very apparent after the Budget.  Once the budget points on fiscal achievement those are hardwired then there is compelling case for RBI to cut rate," Yes Bank Managing Director Rana Kapoor said.

According to a Citi report, RBI is likely to keep key policy rates unchanged until the budget and go for a 0.25 percent easing in March or April this year.

RBI is scheduled to announce its sixth bimonthly monetary policy review today.

The repo or the short-term lending rate at which banks borrow from RBI came down to 6.75 percent. In the last calender year, RBI reduced key policy rates by 1.25 percentage points.

HSBC said it expects RBI to maintain status quo in the forthcoming policy review and wait for the fiscal roadmap presented in the Budget.

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