Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
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The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
Over the last two weeks, the RBI has lifted short-term rates to help support the currency
RBI has made it easier for developers to access foreign money to spur low-cost housing projects.
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The rupee had slumped to a record low of 59.9850 rupee to the dollar on Thursday, as the country's record high current account deficit is exacerbating its vulnerability in an emerging market rout.
Overall Indian companies issued guarantees worth $1.21 billion, extended loans worth $291 million and pumped in equities worth $319 million.
Heightened volatility makes the debt rollovers difficult.
Import duty on gold is already hiked by a third to 8 per cent.
High current account deficit is leading to the rupee weakening.
The government's cash balance is "quite substantial", which is an indicator of excess idle money with it.
Monetary policy committee had recommended no change in the key rate.
The RBI cut interest rates on Friday by a quarter point for the third time since January.
The central bank, however, would prefer money supply in deficit mode.
Keeping that much money out of the banking system has created a liquidity deficit that has forced banks to borrow as much as RS 1.6 trillion from the central bank to meet daily funding needs.
Current account deficit could ease to around 3 per cent in the current fiscal year from prior estimates of about 4 per cent due to sharp drop in global commodity prices.
It feels govt may find it challenging to meet the revenue projections.
Majority of the experts expect a 25 basis point reduction.
They shied away due to concerns over asset quality and a rise in NPAs.
It's affecting deposits, too.
It is increasing the dependence on foreign investments.
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