3 min read.Updated: 07 Feb 2022, 03:42 PM ISTLivemint
SBI Ecowrap report is authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India
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State Bank of India (SBI) Research Report stated that the Reserve Bank of India (RBI) is likely to increase the reverse repo rate by 20 bps outside MPC. The report titled ‘20 bps hike in reverse repo rate outside MPC’ is authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India. “Given all this, we believe the time is now appropriate to go for a 20 bps hike on reverse repo rate, but outside the MPC meeting as enshrined in the RBI act that clearly lays down that reverse repo is more of liquidity management. A hike in the reverse repo is also required as a larger corridor has resulted in rate volatility." the report said.
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