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CARE Ratings Research Report
The Monetary Policy Committee presented its first bi-monthly monetary policy for 2021-21 today.
In line with expectations, the Reserve Bank of India retained the key policy rates and pledged to continue with the accommodative policy stance till economic recovery is well secured.
Key takeaways -
Policy rate retained at 4%, which is the lowest level in over a decade.
The overall tone of the policy was supportive to the economy and markets alike.
Surplus liquidity conditions in the system to be maintained and sustained.
Fund availability for lending to productive sector.
Measures to control the volatility in government securities yields and thereby anchoring the cost of funds.
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