Some economists, including those at Standard Chartered Bank and Deutsche Bank, have advanced their policy normalization expectations amid concerns of rising domestic inflation from high oil and global commodity prices and a sharp increase in the pace of vaccination. However, they expect RBI to watch out for any possibility of a third wave and ensure an accommodative policy to support festive season demand, before hiking reverse repo rate in December.
Other economists, however, said any change to the VRRR auction is ruled out before the festive season. A lower borrowing programme by the government further requires less liquidity to be absorbed," said Anubhuti Sahay, chief economist, Standard Charted. Never miss a story! Stay connected and informed with Mint.
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Companies, Stock Quotes. The last meeting was held from August 4, , to August 6, The Monetary Policy refers to the policy of the central bank with regards to the use of monetary instruments under its control to achieve the goals specified in the Act. As per the official website of RBI, rbi. Price stability is a necessary precondition to sustainable growth. The major highlights in the last MPC meeting held from August 4, to August 6, are as follows:.
Varma, Mridul K.
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