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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.

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