RBI Monetary Policy Update By Heena Naik, Angel Broking Ltd
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Below are Views On RBI Monetary Policy Update by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
RBI Monetary Policy Update
- In today’s RBI Monetary Policy Meet (6th Aug’21) the committee left the key repo rate and reverse repo rate unchanged at 4.00% and 3.35% respectively.
- The policy stance continued to be “accommodative”.
- The RBI governor said that the Indian economy was in a much better position now than during the Jun '21 meeting. However, the committee can't drop their guard and must remain vigilant against the third wave.
- Some high frequency indicators have gained momentum in the Jun-Jul period.
- Outlook for aggregate demand has been improving but underlying conditions are still weak.
- CPI inflation is projected at 5.7 percent during FY22.
- The projection for India’s real GDP is maintained at 9.5 percent for FY22.
Above views are of the author and not of the website kindly read disclaimer
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