RBI will present the annual review of its monetary policy here Tuesday, with quite a few stakeholders opining that it should leave policy rates untouched and growth factor may factor in a dampened monsoons.

The apex bank also said that while India's economy continued to portray resilience, domestic slump in demand and persistent uncertainty in the global conditions were acting as a drag on the Indian economy.

It was of the view that stronger signs need to be shown by the economy before concluding that the economy was back on track on a high growth path of 8.8 percent.

'Early indications for India suggest that the revival impulses need to strengthen further to boost the consumer and investor confidence, which could then set off a positive feedback loop to lift the growth momentum over time,' the report said.