Friday, December 04 2020

In conformity with the expectations of almost all market participants, the Reserve Bank of India (RBI) kept its key interest rates steady. As stressed by us on November 27 and again on December 2, 2020, the RBI held the Repo rate steady at 4 per cent, continued with the accommodative stance of monetary policy, reduced projected contraction of real GDP growth at (-) 7.5 per cent in 2020-21 and undertook extensive liquidity measures to revive activity by on tap TLTRO– Extension of Sectors and Synergy with Emergency Credit Line Guarantee Scheme (ECLGS 2.0). This will encourage banks to extend credit support to stressed sectors at lower cost and foster the fragile recovery, which is currently on

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