Business Standard

RBI monetary policy review: Hawks rule over doves

Credit growth needs to be moderated, and the RBI has been taking steps to reduce banks' exposure to unsecured lending.

RBI, Reserve Bank of India
Premium

(Photo: Reuters)

Indranil Pan

Listen to This Article

The repo rate and the stance were not expected to be changed in this policy, and they were not. However, there were some hopes among market participants that the tone of the policy might be a bit dovish, given that there are now strong expectations for the US Federal Reserve (Fed) to be aggressive in its rate-cutting cycle.

The Reserve Bank of India (RBI) has not only stayed away from exhibiting any intention to follow the Fed but has also shown maturity by not providing any forward guidance on rates, given considerable uncertainty in global financial markets,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in