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RBI monetary policy review: Walking the extra mile

Since March 27, the RBI has acted proactively and ahead of time to contain the fallout of the Covid-19 pandemic.

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Reserve Bank of India RBI | Coronavirus | Lockdown

Soumya Kanti Ghosh  |  New Delhi 

Soumya Kanti Ghosh

“It’s never crowded along the extra mile” - Wayne Dyer. The RBI policy is best summed up in this quote. Since March 27, the RBI has acted proactively and ahead of time to contain the fallout of the Covid-19 pandemic.

First, we expect the terminal repo rate to be cut further by 100 basis points in the current cycle even after Friday’s rate cut. An aggressive cut in repo rate is the effective policy response to adjust the real rate as inflation is set to collapse in FY21. This will have a significant sobering impact on asset quality of banks, as RBI research ...

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First Published: Fri, May 22 2020. 23:18 IST
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