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KRChoksey Research Report
Key highlights-
The Reserve Bank of India maintained status quo on the rate and stance. The repo rate remains at 4% and stance at accommodative.
The Monetary Policy Committee also decided to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target going forward.
The policy stance is in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4% within a band of plus/minus 2, while supporting growth.
It has retained the growth outlook while maintaining its inflationary forecast.
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