All eyes will be on the Reserve Bank this morning as it announces it’s stand on policy rates . Experts are rooting unanimously for a status quo on key policy interest rates, and the repo rate staying unchanged at 6.5 %. But markets will read keenly the Reserve Bank’s commentary on liquidity and the tone of the policy. Economists are hoping to see a “softening of stance” by the RBI given that inflation is expected to trend lower from hereon. The Central Bank had chosen to go with a surprise pause in October but had changed its policy stance to 'calibrated tightening’, thus ruling out further rate cuts.