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In line with our expectations, the RBI has kept key policy rates unchanged in its 2nd Bi-monthly Monetary Policy statement of this fiscal. However, the underlying tone of the policy remains accommodative, and would be guided by macro-economic data including the implementation of 7th Pay Commission recommendations, monetary transmission and the monsoons.
Read MoreIn line with our expectations, the RBI has reduced the benchmark repo rate by 0.25% to 6.5% in its first Bi-monthly Monetary Policy statement of the new fiscal year.
Read MoreIn Budget FY17 the finance minister maintained the fiscal consolidation roadmap as outlined in 2015 with the fiscal deficit target for the coming year at 3.5% of GDP.
Read MoreIn line with our expectations, the RBI has kept the policy rates unchanged in its 6th Bi-monthly Monetary Policy statement of this fiscal today. The underlying tone of the policy shifted to become more balanced from the dovish December policy as perceived by the market. However, RBI reiterated its accommodative stance, while noting that further … Continue reading 6th Bimonthly credit policy – Remain invested to grow
Read MoreIn line with our expectations, the RBI has kept the policy rates unchanged in its 5th Bi-monthly Monetary Policy statement of this fiscal today. RBI mentioned that the 50 bps cut in its previous policy in Sep 2015 was front loaded in response to weak domestic and global demand that was holding back investment.
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