Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5 percent in its bi-monthly monetary policy.
The Reserve Bank of India (RBI) Monetary Policy Committee kept the repo rate unchanged at 6.5 percent and maintained a status quo on the stance.
Here's what some of the market experts had to say in an interview with CNBC-TV18:
Amandeep Chopra, Group President & Head of Fixed Income, UTI MF said liquidity conditions of the market are progressively improving. Although he would be booking gains at the current juncture, upcoming elections and crude oil moving up could shift sentiments marginally.
Taimur Baig, MD & Chief Economist, DBS Group Research said growth could slow down to below 7 percent in the January-March quarter. On Statutory Liquidity Ratio (SLR) cut, he said, it doesn’t really change the liquidity outlook.
Money market expert Neeraj Gambhir said the inflation forecast is dovish and positive for the bond market but the equity market could remain flat as there are very few cheers.Sajjid Chinoy, Chief India Economist, JPMorgan said MPC could change its stance to neutral in February while keeping its focus mainly on inflation.