InvestorQ : What is your quick view on the likely outcome of the RBI monetary policy on 07 April?
diksha shah made post

What is your quick view on the likely outcome of the RBI monetary policy on 07 April?

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Mary Joseph answered.
1 week ago
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Most of the analysts and economists are anticipating status quo on rates and also on the policy stance in the 07 April monetary policy due to the surge in COVID-19 cases. Hence, the consensus is that the Monetary Policy Committee of the RBI would likely hold repo rates at 4% and reverse repo rates at 3.35%. There is really no strong reason to change it.

The 3-day MPC meeting will begin on 05 March and culminate in the monetary policy announcement when it concludes in the first half of 07 March. Inflation rate been within the RBI comfort level of 6% at the outer limit. Also, recent IIP and core sector numbers were rather disappointing. Hence it is expected that apart from holding repo rates, the MPC may also maintain the accommodative stance of the monetary policy.

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