RBI Monetary Policy: The monetary policy of the Reserve Bank of India (RBI) is to be announced today i.e. on 7 April. The meeting of the Monetary Policy Committee (MPC) started on April 5, after which the policy rates will be announced today. This is the first monetary policy for the financial year 2022. It is believed that RBI will not make any change in the repo rate. Amid the uncertainty arising from the rise in Corona virus cases, the RBI is expected to maintain the status quo in the monetary policy review.
There was no change in the last meeting
Earlier, a three-day Monetary Policy Review (MPC) meeting will be chaired by RBI Governor Shaktikanta Das. After the last monetary policy committee meeting on 5 February, the central bank had not made any changes in the main interest rate (repo), citing inflation concerns.
According to experts, the RBI is expected to wait for the right time to continue its liberal monetary policy stance and announce the monetary move. This will be done to ensure the best possible outcome to boost growth, leaving the main objective of controlling inflation. Currently, the repo rate is 4 percent and the reverse repo rate is 3.35 percent.
No expectation of change in rates
Dun and Bradstreet said in a report that the recent increase in the COVID-19 case and the restrictions imposed by some states will lead to further uncertainties and disruptions in the pace of industrial production. Despite rising inflationary pressures, according to Dun & Bradstreet’s Chief Economist Arun Singh, he does not expect the RBI’s policy repo rate to change in the upcoming monetary policy review, due to a sharp rise in the COVID-19 case. I am uncertain.
Estimate of holding rates
Asked about expectations for the next MPC, Anuj Puri, chairman of Enrock Property Consultants, said that after consumer inflation remained volatile and the policy repo rate reduced to 115 basis points from February 2020 ie, RBI rates hold. Can keep on
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