While the central bank is expected to hold on to the rates, the sticky inflation level remains a challenge given the fresh upsurge in global crude oil prices. It will be interesting to observe the RBI Governor's tone during his address, especially after the US Fed chairman last month clearly outlined his intent to raise the rates further despite keeping policy rates unchanged. The RBI would also have to evaluate its strategy considering the fact that an increase of rates in the US and no change in India will lead to money flowing from India, creating issues both on forex reserves as well the currency front.