RBI likely to keep rates at 6.75

India's inflation rate for October is recorded at 5% year on year. There is a scope for further rate cut, but RBI may hold its rates at 6.75% during December meeting. 

The inflation rate of the economy is expected to increase in coming months, but due to favorable base effect it will be within the RBI's target of 6% January 2016, says Commerzbak.