RBI Monetary Policy Review - No Policy Surprises; Gradual Liquidity Absorption In Process: Systematix
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Systematix Research Report
In its Monetary Policy Committee review, the Reserve Bank of India remained accommodative and maintained its stance of prioritising durable growth on a sustained basis.
It retained its real gross domestic product projection of 9.5% for FY22 and marginally raised the projection for Q2 FY22 and Q3 FY22.
The growth outlook is supported by buoyant rural demand, improved exports and crowding-in of private investments.
Backed by contained food prices, the inflation outlook is eased by 40 basis points at 5.3% for FY22.
By increasing the quantum of its 14-day variable reverse repo rate auctions from Rs 4 trillion on October 08, 2021 to Rs 6 trillion on December 03, 2021, the RBI continues its process of gradual absorption of liquidity from the financial system.
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