The MPC`s decision to pause and maintain accommodative stance is along expected lines By Ms. Anagha Deodhar – ICICI Securities
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Below are Views On The MPC’s decision to pause and maintain accommodative stance is along expected lines By Ms. Anagha Deodhar – ICICI Securities
The MPC’s decision to pause and maintain accommodative stance is along expected lines. However, it retained GDP growth projections for FY22 at 10.5% despite large stimulus in other countries and its potential impact on global growth. In this policy, the biggest announcement was GSAP 1.0 under which the RBI plans to buy government securities worth Rs 1trn in Q1FY22. Along with GSAP, the RBI also announced extension of several liquidity facilities. Together, these measures are aimed at keeping financial conditions benign, ensure orderly evolution of the yield curve and supporting the nascent recovery.
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