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.
ICRA Research Report
In the third Bi-Monthly Monetary Policy Statement for FY22, the six-member Monetary Policy Committee maintained a status quo on the policy rates in a unanimous decision.
While it also decided to continue with the accommodative stance, this vote was not unanimous (5:1), revealing unease on the inflation outlook.
In line with our anticipation, the MPC has increased its consumer price index inflation forecast for FY22 to 5.7% from 5.1%.
While it has retained its projection of the real gross domestic product expansion at 9.5% for FY22, the quarterly projections have undergone a revision.
The Reserve Bank of India has decided to progressively hike the size of variable reverse repo rate auctions to Rs. 4.0 trillion by end-September 2021.
Click on the attachment to read the full report:
DISCLAIMER
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR