RBI’s announcement in the RBI Fifth Bi-Monthly monetary policy decision to keep the repo rate unchanged is on expected lines. Today’s policy undertone has leaned towards the neutral-to-dovish side. Governor’s indication of being accommodative policy sends a positive signal for Indian economy. The guidelines on the base rate calculation based on Marginal cost of funds will be watched and appropriate actions will be taken on the same. Overall with CAD & inflation targets well within control & Q2 GDP at 7.4%, the Indian economy seems headed for a good financial year ahead
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