Analysis: RBI's mid-quarter monetary policy review

Listen in to what leading economists and analysts have to say about the RBI policy

The Reserve Bank of India in its mid-quarter monetary policy review hiked the repo rate by 25 basis points to 7.5%. Economists had widely expected the RBI to leave the repo rate unchanged.

The central bank, however, reduced the Marginal Standing Facility (MSF) rate by 75 basis points to 9.5%.

The reverse repo rate stands adjusted at 6.5%.

RBI also reduced the minimum daily maintenance of the cash reserve ratio (CRR) from 99% of the requirement to 95% effective from the fortnight beginning September 21, while keeping the CRR unchanged at 4%.

Smart Investor Team spoke with leading economists and market analysts on their interpretation of the statements and the road ahead.
 
THE PANEL

Shubhada Rao, chief economist, YES Bank       Click here to listen

Deepak Jasani, head of retail research, HDFC Securities    Click here to listen

Vaibhav Sanghavi, director equities, Ambit Holdings       Click here to listen

Anil Rego, CEO and Founder, Right Horizons - a wealth management firm        Click here to listen

Lakshmi Iyer, senior vice president and head of fixed income, Kotak Mutual Fund     Click here to listen