RBI Monetary Policy Review - Status Quo, Growth Stance Keep Markets Buoyant: ICICI Direct

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..ICICI Direct Report.Reserve Bank of India maintained its repo rate at 4.0%, reverse repo rate at 3.35% and marginal standing facility at 4.25% with Monetary Policy Committee members unanimously voting on status quo on rates. They decided on a five to one majority to maintain an ‘accommodative’ stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of Covid-19 on the economy while ensuring inflation remains within the target, going forward. As per the assessment, India is in a much better place today than at the last MPC meeting. Growth impulses seem to be strengthening and derive comfort from the fact that the inflation trajectory is turning out to be more favorable than anticipated..Click on the attachment to read the full report:.DISCLAIMERThis 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.

RBI Monetary Policy Review - Status Quo, Growth Stance Keep Markets Buoyant: ICICI Direct

RBI Monetary Policy Review - Status Quo, Growth Stance Keep Markets Buoyant: ICICI Direct

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