RBI in its monetary policy review has not changed the key policy rates and just reduced the statutory liquidity ratio by 50 basis points. As RBI does not see any strong stability in the prices so they did not reduce the Repo Rate and CRR. A major event i.e. General Budget is inching closer and RBI will be closely watching before they take any major move in policy fronts.
Most of the industrialists and our Finance Minister want the policy rates to be reduced but RBI is not going to compromise on inflation front which is their major task. Let us see how General Budget rolls out and I hope RBI will act accordingly.
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