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Dolat Capital Report
The Monetary Policy Committee kept the repo rate unchanged at 4% and retained the ‘accommodative’ stance in its October session citing that revival of the economy from the unprecedented Covid-19 crisis assumes the highest priority in guiding the monetary policy ahead.
The decision does not come as a surprise given the steep inflation trajectory.
The Reserve Bank of India has been very efficient and proactive in communicating a clear favor towards growth.
MPC expects inflation to ease gradually towards its target range over Q3 and Q4 as supply disruptions normalises in due course.
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