Friday, 6 August 2021

RBI Policy Quote

                         Dr. Poonam Tandon, CIO, IndiaFirst Life Insurance Company Limited

The RBI policy was on expected lines, where it maintained a status quo on policy rates with accommodative stance. While CPI inflation surprised on the higher side, GDP forecast has been retained at 9.5% in FY22. RBI believes continued policy support is required to support the nascent recovery.


It announced VRR (Variable Reverse Repo), which is likely to absorb the excess liquidity. RBI also added that focus is on orderly evolution of yield curve. Overall, RBI remains committed to focus on durable recovery with sustainable growth while maintaining financial stability. 

It is important to ensure adequate liquidity in the system during these ambiguous times with a pro-growth, ample liquidity, and continuation of the policy stance.

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