Anubhuti Sahay

Decision to hold rates appropriate and prudent, MPC unanimity a surprise

The RBI governor's post-policy conference also stated that uncertainty on tariff negotiations made any quantification on the growth impact difficult at this juncture

Monetary Policy: GDP growth projections may be left unchanged amid Covid-19

It is likely to keep policy rates on hold, maintain its accommodative stance going into FY22, and sound dovish amid rising Covid-19 cases

Anubhuti Sahay: More rate cuts seem likely

So, the key question is has the rate-cutting cycle come to an end in India. We think so

Rajan unlikely to surprise at his final policy meeting