RBI monetary policy | SBM Bank India

MPC has reiterated on continuation with accommodative stance and refrained from announcing measures for sterilizing the present market liquidity as against the market expectations. As stated by the Governor, RBI may modulate the liquidity as and when deemed appropriate outside policy ambit. Though there is an upward revision in inflation guidance; there seems to be no urgency to withdraw liquidity owing recovery concerns needing policy support on sustainable basis.