The Monetary Policy Committee of the Reserve Bank of India is scheduled to announce its stance today, which is expected be an ‘accommodative’ while maintaining a status quo on rates, by the majority of the experts.

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Inflation rate and RBI Governor Shaktikanta Das’ commentary will be most sought, during the August’s bi-monthly policy meet that begin from July 4, 2021.

A six-member MPC committee is likely to change the consumer price inflation estimate for FY22 between 5-5.2 per cent as compared to 5.1 per cent at present, the analysts expect.

Similarly, the majority of the analysts are of an opinion that there won’t be a revision in GDP (Gross Domestic Product), while 25 per cent of them believe FY22 GDP likely to be revised in the August policy

They believe, it's unlikely that there would be a liquidity indication in this bi-monthly policy as there is still a lot of uncertainty in the market, estimates analysts, adding further that it will, however, be pulled out from the market after December.

Financial experts, according to a PTI report, expect that RBI will adopt a "wait-and-watch" strategy since it has little elbow room to manoeuvre monetary policies as higher commodity prices and rising global rates following the Covid-19 recovery leave serious implications on production costs.

The panel headed by RBI Governor Das had left the rates unchanged last time during July Policy, citing concerns about inflation.

However, when the covid concerns have got bit of break, analysts believe that the MPC may again retain the interest rates at historical lows due to the fear of the third wave of COVID-19.