RBI Monetary Policy Review - Hike In The Repo Rate, CRR Much Required At This Point: CareEdge

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Research Report.In a surprise move, Reserve Bank of India hiked the policy repo rate by 40 basis points to 4.40% in an unscheduled meeting. It is the first reversal in policy rate action since May 2020. Liquidity adjustment facility corridor was maintained at 50 bps with the standing deposit facility rate adjusted to 4.15% as the floor and marginal standing facility at the upper end of the band at 4.65%. Reverse repo rate was left unchanged at 3.35%. RBI retained the monetary policy stance as ‘accommodative’ with a focus on withdrawal of accommodation. Cash reserve ratio has been increased by 50 bps to 4.50% of net demand and time liabilities, effective from May 21, 2022. This would amount to a liquidity withdrawal of Rs 87,000 crore. The decision of hiking the policy rate while maintaining an accommodative policy stance was unanimous by all members of the Monetary Policy Committee..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI Monetary Policy Review - Hike In The Repo Rate, CRR Much Required At This Point: CareEdge

RBI Monetary Policy Review - Hike In The Repo Rate, CRR Much Required At This Point: CareEdge

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