Why markets should take heart from RBI’s monetary policy5 min read . Updated: 06 Apr 2016, 03:18 AM IST
In the long run, the change in RBI's stance on liquidity will ensure better transmission, something which a deeper rate cut could not have done
The equity market and, to some extent, the bond market are giving the thumbs down to the Reserve Bank of India’s (RBI) first bi-monthly monetary policy of the new fiscal year simply because the Indian central bank has cut its benchmark repo rate by only a quarter of a percentage point to 6.5%, something the markets had already factored in.
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