Market Update

RBI monetary policy Update

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RBI Monetary Policy Review: Signs of recovery has strengthened further, says Governor Shaktikanta Das

Here are key highlights of what RBI Governor Shaktikanta Das said:

  • Outlook on growth has improved significantly
  • Need of the hour is to conitnue to support growth
  • Objective to return the economy to a higher growth trajectory
  • 2021 is setting the stage for new economic era in our history
  • Signs of recovery has strengthened further. list of normalising sectors expanding
  • The policy stance remains accommodative as long as necessary
  • Electricity demand reflect broader normalisation of economic activity than in December
  • Saw renewed confidence in the real estate sector
  • Vaccination drive to provide impetus for restorationof contact intensive sectors
  • Speed of daily highway construction is rising
  • Flow of financial resources to commercial sectors is improving
  1. Inflation outturns have turned out to be better than expected 
  2. RBI: Reverse repo rate stands unchanged at 3.35% 
  3. RBI: MSF, Bank rate remain unchanged 
  4. RBI Guv: MPC voted unanimously to leave repo rate unchanged 

“Money has the power to buy you things. But a much bigger power of money is in generating more money for you. Those who are able to manifest the latter, are never short of it.”

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