Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF
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Below the Quote on MPC meet outcome from Mr. Marzban Irani, CIO - Debt at LIC MF
"No change in rates inline with market expectations. Policy rates expected to remain higher for longer. Inflation projections have been increased due to food prices which might settle by September to December. Excess liquidity due to 2000 notes, RBI dividend and capital flows might fuel Inflation. Hence incremental deposits CRR has been increased by 10 percent. This will absorb excess liquidity. This is a temporary measure".
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