Gold Silver Reports (GSR) – RBI Monetary Policy Day Guide June 6, 2018 INDIA — Policy action: Even as the market expects status quo, there are three likely scenarios that can emerge from today’s policy. First RBI could maintain a pause in policy rate with change in stance from neutral to hawkish, signalling that more rate hikes are imminent. The second scenario is when the RBI could hike the policy rates, and lastly a rate hike followed by a hawkish stance.