Monetary Policy Key Highlights - RBI Kept Repo Rate, Reverse Repo Rate Unchanged: KRChoksey
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
The Reserve Bank of India maintained status quo on the rate and stance. The repo rate remains at 4% and stance at accommodative.
The Monetary Policy Committee also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target going forward.
The policy stance is in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4% within a band of plus/minus 2, while supporting growth.
It has retained the growth outlook while maintaining its inflationary forecast.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.