RBI’s MPC Lays Down Regulatory Measures, While Keeping Rates Status Quo: Motilal Oswal

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Motilal Oswal Report

The Monetary Policy Committee resolution has come on expected lines with policy rates unchanged.

The reverse repo, repo, and Marginal Standing Facility rates were kept unchanged at 3.35%, 4%, and 4.25%, respectively.

The decision on interest rates and to maintain its accommodative stance as long as necessary – at least during FY21 and into FY22 – was taken unanimously by all members of the MPC.

While 4Q FY21 inflation projection has been revised down to 5.2% now from 5.8% YoY (December 2020 policy). The same for H1 FY22 has been revised up to 5-5.2% now from 4.6-5.2% YoY.

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