View on Post-Monetary Policy December 2021 By Lakshmi Iyer, Kotak Mahindra Asset Management Company
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Below are view on Post-Monetary Policy December 2021 By Lakshmi Iyer, CIO – Debt & Head – Products, Kotak Mahindra Asset Management Company-
“In what seemed like a close call, the RBI MPC chose to maintain status quo on key benchmark rates. No material changes to growth and inflation forecasts too. This suggests RBIs caution on the recent developments on the pandemic front. While 14 day VRRR amount has been increased in a graded manner, there seems to be no sense of urgency on RBI’s part to initiate any abrupt liquidity drain out measures. Bond markets should draw comfort from this decision and continue to trade range bound. Global cues to dominate the rate moves going forward.”
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