InvestorQ : What do you expect from the RBI credit policy on Friday?
Dhwani Mehta made post

What do you expect from the RBI credit policy on Friday?

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Dilmini Mercia answered.
2 weeks ago
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While the RBI monetary policy will be announced on 04 June, the 3-day meet of the Monetary Policy Committee or MPC began on 02 June. This will culminate in the monetary policy announcement on Friday 04 June. It looks like the RBI will maintain status quo on rates and also hold the accommodative stance. With growth just about picking up and inflation closer to 4%, there is no reason for the RBI to change its stance.

You would recollect that the RBI Annual Report has already underlined that the RBI bias would be to remain supportive of economic growth. With the IMD having already predicted normal monsoons in the range of 96% to 104% of LPA this year, the focus would remain more on the debt levels, additional borrowing targets and the GSAP timetable of the RBI.

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