RBI Monetary Policy Update - Status Quo With Rising Confidence On Growth Visibility: 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
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:
This 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.