Perspective On RBI`s MPC announcement By Joseph Thomas, Emkay Wealth Management
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Below are Perspective On RBI's MPC announcement By Dr. Joseph Thomas, Head of Research - Emkay Wealth Management
"The basis of the RBI policy remains accommodative, and it is reflected in the status quo with respect to the base rate - the repo rate is unchanged. But there is a strand of rationalization of excess liquidity, as is evident from the phased hike in the CRR for its restoration to 4 % , the pre-pandemic level."
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