RBI Monetary Policy Update - Status Quo With Rising Confidence On Growth Visibility: ICICI Direct
Shaktikanta Das, governor of the Reserve Bank of India (RBI), reacts during a news conference in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

RBI Monetary Policy Update - Status Quo With Rising Confidence On Growth Visibility: ICICI Direct

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ICICI Direct Report

The Reserve Bank of India maintained its repo rate at 4.0%, reverse repo rate at 3.35% and marginal standing facility at 4.25%.

Monetary Policy Committee members voted unanimously on status quo and maintained ‘accommodative’ stance.

Restoring cash reserve ratio to 4% from 3% to manage liquidity and this opens up space for a variety of market operations to inject additional liquidity by RBI.

Several measures like targeted long-term repo Operations to non-banking financial companies and more were also announced by RBI in today’s policy.

Click on the attachment to read the full report:

ICICI Direct RBI Action Feb21.pdf

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