Comments on RBI Policy – Market Impact by Mr. Amar Ambani, Head of Research, India Infoline Ltd. (IIFL)
“After raising nerves with its cautious statement on the policy eve, the RBI calmed markets by lowering the Repo rate by 25 basis points. The market was also hoping for a CRR cut which didn’t come through. Weak deposit mobilization and lower government spending continue to pressurize system liquidity in a modest credit growth environment …