RBI Monetary Policy Preview - What To Expect: Reliance Securities

The Reserve Bank of India’s Monetary Policy Committee meeting will begin tomorrow with the RBI Governor Shaktikanta Das disclosing its decision on the repo rate on the morning of April 05th.

Tilt up of the Reserve Bank of India (RBI) headquarter in Mumbai, India on 06_04_23 (Photographer: Vijay Sartape/ NDTV Profit)

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Reliance Securities Report

  • The Reserve Bank of India’s Monetary Policy Committee meeting will begin tomorrow with the RBI Governor Shaktikanta Das disclosing its decision on the repo rate on the morning of April 05th.

  • The market and we expect that the central bank will maintain the repo rate unchanged at 6.50%.

  • The central bank will maintain its current approach, aiming to align India's inflation with its target following the recent dovish stance of the US Federal Reserve.

  • The RBI could also revise the GDP and inflation projections.

  • The rupee could continue remain range bound.

  • The inflation and GDP projections could be a key driver for the rupee in the short term.

Click on the attachment to read the full report:

Reliance Securities RBI Monetary Policy Preview - April 02 2024.pdf
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Also Read: RBI Monetary Policy Preview - A Balanced Policy With Focus On Liquidity: CareEdge Analysis

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