Views on RBI Policy By Dhiraj Relli, HDFC Securities
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Below are Views on RBI Policy By Mr. Dhiraj Relli, MD &CEO, HDFC Securities
"As expected, the MPC voted unanimously to leave the policy repo rate unchanged at 4% and assured continuation of accommodative stance well into FY22. This will complement the measures taken by the Govt in the recent budget to revive growth momentum in the economy. Despite the expansionary Budget, support from RBI is needed at this juncture to strike the right balance in ensuring enough liquidity in the system. Thankfully the RBI Governor time and again in his speech assured comfortable liquidity in the banking system going ahead. Overall the policy outcome was largely on expected lines and did not provide any large surprises on either side."
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