 "RBI, reserve bank of india")
The Reserve Bank of India's decision to keep key policy rates unchanged came as opposed to market's expectations. The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.
The six-member rate panel, which has been on pause since August 2020, retained its accommodative policy stance with a 5-1 vote, Das said, signaling the economy needed continued support despite accelerating inflation. While retaining the accommodative stance, he reiterated the “as long as necessary” language used since October 2019. READ ABOUT IT HERE
Here's what top analysts make of the policy announcement:
The six-member rate panel, which has been on pause since August 2020, retained its accommodative policy stance with a 5-1 vote, Das said, signaling the economy needed continued support despite accelerating inflation. While retaining the accommodative stance, he reiterated the “as long as necessary” language used since October 2019. READ ABOUT IT HERE
Here's what top analysts make of the policy announcement:
