The Reserve Bank of India delivered a dovish policy By Sujata Guhathakurta, Kotak Mahindra Bank
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Below are Views On The Reserve Bank of India delivered a dovish policy By Sujata Guhathakurta, President & Business Head, Debt Capital Markets-Sales, Kotak Mahindra Bank
“The Reserve Bank of India (RBI) delivered a dovish policy. As expected there was a status quo on the policy rates, and the stance was maintained as accommodative with special mention to retain the same to mitigate Covid impact. The G-SAP 1.0 is a very welcome move which the markets have been waiting since the last couple of months. The Rs one lakh crore purchase commitment in the first quarter of FY22 in addition to special OMOs, gives a lot of comfort and is exactly what the markets needed. Considering the huge liquidity of close to Rs 6 lakh crore, RBI has expressed that VRRR is there to stay, but should not be looked from the point of view of liquidity absorption, which is the right decision and action. Overall an excellent policy.”
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