RBI's Monetary Policy Key Takeaways - Focus On Managing Liquidity For Growth: KRChoksey
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KRChoksey Research Report
Key highlights -
The Reserve Bank of India maintained status quo on the rate and stance unanimously.
The repo rate remains at 4% and stance at accommodative.
It maintained its policies and strategies to manage the monetary tools to manage growth.
It reduced growth outlook and increased inflation forecast.
It expanded benefits for micro small and medium enterprise across various institutions.
On tap liquidity of additional Rs 15,000 crore for contact intensive sectors. Banks will be eligible to park their surplus liquidity up to the size of the Covid-19 loan book at 40 basis points higher than the reverse repo rate.
To expand the threshold of small and medium enterprise from Rs 25 crore to Rs 50 crore for restructuring benefits.
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