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India's upcoming central bank rates decision may be poised to surprise analysts

Harini V

Most analysts expect that the Reserve Bank of India (RBI) will leave interest rates unchanged at a Wednesday policy meeting, according to a Reuters poll. Risks of inflationary pressure and the fact that Indian Prime Minister Narendra Modi is standing for re-election in 2019 make December a more suitable timing for a rate hike, she said. The India central bank isn't widely expected to hike rates on Wednesday, but one expert told CNBC there's a chance the Reserve Bank of India uses the day's monetary policy review to make a move.