RBI Monetary Policy Review - MPC Hikes The Policy Repo Rate By 50 Bps To 5.9%: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.The Reserve Bank of India hiked its key policy rate (repo) by 50 basis points to 5.9% on September 30 2022. Consequently, the standing deposit facility and the margin standing facility/bank rate now stands at 5.65% and 6.15%, respectively. The hike was in line with the market and our expectations. This is the fourth rate action by the central bank in FY23 till date. Cumulatively, the RBI has the hiked repo rate by 190bp (excluding the 40 bps hike in the SDF in April 2022) in three scheduled and one out-of-turn policy meetings. The Monetary Policy Committee reiterated its continued focus on ‘withdrawal of accommodation’ to contain inflation, while supporting growth. The rate hike decision was arrived at by a 5-1 majority, with Dr. Ashima Goyal voting for a 35 bps rate hike. The decision on its stance too was made with a five-one majority as Dr. Jayanth Varma expressed reservations on the stance..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI Monetary Policy Review - MPC Hikes The Policy Repo Rate By 50 Bps To 5.9%: Motilal Oswal

RBI Monetary Policy Review - MPC Hikes The Policy Repo Rate By 50 Bps To 5.9%: Motilal Oswal

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