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Below is quote On RBI Policy Announcement by Mr. Rahul Sharma, Co- Founder, Equity99.

RBI governor has kept the repo rate unchanged at 4% and the reverse repo rate continues to be 3.35%. Also, Governor said the policy stance continues to remain “accommodative” against expectations. MPC has revised FY22 CPI inflation to 5.3% from 5.7%. and has retained an FY21 GDP growth forecast of 9.95%. Governor Das said that the need for undertaking further G-SAP operations does not arise, which will reduce liquidity.

We expect the policy will be benefited for market and Banks will show good performance also NBFC stocks will perform as RBI has been decided to introduce the Internal Ombudsman Scheme to further strengthening the internal grievance redress mechanism of NBFCs.

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