RBI Monetary Policy Review - Suspended Animation: IDFC AMC
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IDFC AMC Research Report
The Reserve Bank of India / Monetary Policy Committee kept all rates unchanged while the stance was retained as accommodative as well with the same earlier 5:1 vote.
The decision was in line with majority expectations even as front end swap rates had been indicating expectation of some hike in reverse repo.
The commentary recognises that domestic recovery is gaining traction but recognises that since activity levels are just about catching up with pre-pandemic levels, 'it will have to be assiduously nurtured by conducive policy settings till it takes root and becomes self-sustaining'.
In particular, the MPC seems to be looking for a private investment recovery to lead the revival along with a strong impetus from exports.
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