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.
SBI Research Report
As expected, Reserve Bank of India decided to keep policy repo rate unchanged at 4% (seventh straight time) and decided to continue with the accommodative stance as long as necessary.
While the rate cut decision was always going to be universally a consensus, the voting on accommodative stance witnessed a dissent.
The Governor’s communication has been however very clear that RBI will do 'whatever it takes' to protect growth.
While the policy strikes a delicate balance between reinvigorating growth and keeping inflation in check, it seems that RBI growth projections being retained at 9.5% is more of a statistical artefact as Q1 growth numbers have been revised upwards, while Q2-Q4 growth numbers have been significantly downgraded.
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