Quote on RBI Monetary policy By V K Vijayakumar, Geojit Financial Services
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Below are Quote on RBI Monetary policy from Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The monetary policy announcement is on expected lines without changes in policy rates and stance. However, reading between the lines, one can conclude that the stance is more dovish than expected with the governor reinforcing the central bank's commitment "to remain accommodative to support & nurture the recovery as long as necessary". The bond market has taken the announcement positively with the 10-year yield moving to 6.12%. The governor's assurance to ensure an orderly evolution of the yield curve also is confidence-inspiring"
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