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Below is quote on RBI Monetary Policy August 2021 by Shanti Ekambaram, Group President - Consumer Banking, Kotak Mahindra Bank Ltd

“In line with expectations, the MPC maintained a status quo on rates and its accommodative stance. The focus continues very much to be on growth which they see as “nascent and hesitant recovery”. Although inflation is above the comfort zone with an upward revision in estimates, the MPC does view it as transitory. Going forward, we can expect easy liquidity conditions and rates to continue to support economic growth even as the central bank monitors key indicators on Covid, growth and inflation for future policy guidance and action.” -- Shanti Ekambaram, Group President – Consumer Banking, Kotak Mahindra Bank Ltd.

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