Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

The Reserve Bank of India’s (RBI’s) policy comes at a critical time when the economy is in the midst of a confused lockdown with different perspectives on growth and a definite direction for inflation. The monetary policy committee (MPC) has reiterated in the past the accommodative stance, and hence the takeaway is that there are few chances of the repo rate being increased in the near future.

Some of the important signals provided are the