Religare Enterprises Ltd Quoted on RBI Monetary Policy

Mumbai: The monetary policy is on expected lines as it has kept the repo rate unchanged. At the same time, it is pertinent to note that RBI has decided to maintain accommodative status as long as necessary, both in this fiscal as well as the next financial year.

This underlines the central bank’s focus on reviving growth in the aftermath of the COVID pandemic, which is not merely driven by pent up demand but is sustainable in the long run. While RBI has acknowledged there are signs of economic recovery in the second half with GDP seen returning to growth from contraction in the first half, the same need to supported by policy action in the medium-term as well.

Thus, RBI has assured ample liquidity will be available to the markets, which is necessary to support growth at this juncture. To be attributed to Mayur Dwivedi, Head- Strategy, M&A, Investors Relations, Religare Enterprises Ltd.