Motilal Oswal: RBI Keeps Policy Rates Unchanged, While Raising Its Inflation, Growth Projections For H2 FY21
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Motilal Oswal Report
As per expectations, the Monetary Policy Committee has kept the repo rate unchanged at 4%.
The reverse repo and marginal standing facility rates were also kept unchanged at 3.35% and 4.25%, respectively.
Besides rates, all members of the MPC voted unanimously to continue with its accommodative stance as long as necessary – at least during the current fiscal and into next fiscal.
Inflation and growth projections, however, have been revised significantly, as anticipated by us last time.
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