Motilal Oswal: RBI Keeps Policy Rates Unchanged, While Raising Its Inflation, Growth Projections For H2 FY21
Police officers stand guard at the Reserve Bank of India (RBI) building in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

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.

Click on the attachment to read the full report:

Motilal Oswal RBI Monetary Policy Update.pdf

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