RBI's Monetary Policy Review - Framework Reaffirmation: IDFC AMC

Vehicles travel past the Reserve Bank of India (RBI) headquarters building during a lockdown in Mumbai, India.  (Photographer: Dhiraj Singh/Bloomberg).

RBI's Monetary Policy Review - Framework Reaffirmation: IDFC AMC

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IDFC AMC Research Report

The monetary policy review was almost entirely along expected lines from a bond market standpoint.

It nevertheless served the important function of reaffirming Reserve Bank of India's framework for responding to these highly unusual and distressing times.

All rates were kept unchanged and the accommodative stance was continued.

Growth forecast was brought down by 100 basis points (real gross domestic product now projected at 9.5% for FY22) while inflation forecast was bumped up by 10 basis points (consumer price index now at 5.1% for FY22).

Click on the attachment to read the full report:

IDFC AMC Research Framework Reaffirmation - Monetary Policy June 2021.pdf

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