How long will the RBI continue with its extreme accommodative stance?

Status quo expected on Wednesday, but guidance will hold the key for bond market

The Reserve Bank of India (RBI) is expected to hold interest rates for a fifth straight time and maintain an accommodative policy stance after the meeting of its monetary policy committee (MPC) on Wednesday.
 
In the past few policy review meetings, the RBI’s MPC emphasised that the accommodative monetary policy stance would be maintained as long as it was necessary to revive growth on a sustained basis in 2020-21 and into the next financial year. Now, the RBI has to give a new guidance in this first policy of the new financial year.
 
In this context, what the