Rate Decision RBI policy mentioned the use of OMO sales which is a more durable liquidity absorbing measure and the catalyst for a policy pivot comes from a durable decline in inflation to near about 4% Policy Rate Unchanged Stance of Monetary Policy Withdrawal of Accommodation ( 5 - 1) Growth Projections Unchanged (2024 FY 6.50%, Q1 25 6.60%) Inflation Projections Unchanged (2024 FY 5.40%, Q1 25 5.20%) Liquidity May have to consider OMO sales Key takeaways from the earlier meeting 1. Inflation target is 4% and a Pivot in policy from tightening to accommodative will not happen ...
The specific focus of the Blog is on Global and Domestic interest rates and currencies market. I look at fundamentals to define my bias and corroborate that with a study of price action to put on high conviction trades. The views and opinions are those of author and author alone. ~ Author: Vaishali Bagchi