InvestorQ : Why did the RBI not announce anything on rate cuts in the evening conference?
Crowny Pinto made post

Why did the RBI not announce anything on rate cuts in the evening conference?

Answer
image
1 year ago
Follow

Actually, that is a little confusing. Markets were looking to the RBI to intervene and cut rates when central banks across the world were moving at a rapid pace. The RBI spoke very little about the rate cut except talking about its readiness to do so. Of course, it promised liquidity infusion measures but above all came out and urged the depositors of Yes Bank not to rush to withdraw their deposits. Markets were expecting a rate cut announcement.

4 Views