RBI may adopt flexible policy as GDP growth slows
RBI is likely to adopt a flexible stance on policy rates as GDP growth is projected to slow to 6.6% this fiscal, according to Crisil. Systemic liquidity surplus increased, with bank credit growth at 17.7%.
after close1 source ↓written by the desknot a recommendation
- this fiscal year
- 6.6%
- an average
- ₹1.07 lakh crore
- remains robust
- 17.7%
- bond decreased
- 12 bps
- in July
- 6.77%
The Reserve Bank of India (RBI) is expected to maintain flexibility on policy rates in the upcoming Monetary Policy Committee (MPC) meeting, as GDP growth is projected to slow to 6.6% this fiscal year, according to a Crisil report.
• Systemic liquidity surplus widened in July, with the RBI absorbing an average of ₹1.07 lakh crore.
• Bank credit growth remains robust at 17.7%.
• The yield on the benchmark 10-year bond decreased by 12 bps to 6.77% in July.
Not investment advice. For informational purposes only.