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06-12-2024 11:30 AM | Source: Geojit Financial Services Ltd
Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
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Below the Quote on Monetary Policy Committee Meeting Outcome by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Monetary policy has delivered exactly what the economy and markets need in the present context. The Governor’s emphasis on price stability is appropriate given the elevated level of inflation. The decision to cut the CRR by 50bp facilitating injection of Rs 1.16 trillion of liquidity into the system will ease the liquidity constraints and more importantly reduce the banks’ cost of funds. From the market perspective, this is an excellent policy response. Banking stocks will remain resilient."
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