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RBI policy over, global factors to dictate market trajectory from here on

Squeezing of liquidity and the likely hardening of bond yields may have a near-term "sentiment" effect on the BFSI sector; overall the policy should not have too much bearing on the equity markets

Topics
RBI Policy | Market Outlook | global stock market

Unmesh Kulkarni  |  Mumbai 



Unmesh Kulkarni, managing director and Senior advisor, Julius Baer India
Unmesh Kulkarni, managing director and Senior advisor, Julius Baer India

The RBI MPC voted unanimously to keep rates unchanged and voted 5-1 in favor of continuing with its ongoing accommodative policy stance. Although there were some expectations in the markets that RBI would raise the reverse repo rate, the MPC continued with its ongoing accommodative stance and left policy rates unchanged.

Disclaimer: Views expressed are personal. They do not reflect the view/s of Business Standard.

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First Published: Fri, October 08 2021. 14:21 IST

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