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Below is quote on Monetary policy 08th December 2021 by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Conceding that "there is considerable uncertainty in the growth-inflation dynamics" the MPC has again decided in favour of growth by contnuing with accommodative monetary stance and status quo in rates. More importantly, the guidance also is dovish with no indications of a rate hikes  in the immediate future. The CPI inflation projection for Q3 and Q4 of FY22 at 5.1% and 5.7% respectively is an indication of RBI's belief that higher food inflation is temporary, since it is caused by crop damages during unseasonal rains. Also, the central bank believes that lower crude prices and reduced petrol and diesel prices will " mitigate the cost  push build up ".
In brief, a pro-growth policy and very positive from the market perspective.

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