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RBI Monetary Policy Expectations by Heena Naik, Angel Broking
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Below is quote on RBI Monetary Policy Expectations by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
The three day RBI Monetary Policy Meeting (4th Aug - 6th Aug) is likely to end tomorrow at 10:00 am with expectations of no change in repo and reverse repo rates amid fear of the third Covid-19 wave.
The inflation outlook for FY22 could also see a revision from the predicted levels of 5.1 percent.
RBI is likely to watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy.
The fear of the third wave would also force the RBI to continue with the growth supporting measures.
Inflation rates, liquidity concerns, and Governor Shakitkanta Das’ commentary will be in more focus during this policy.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
