Mr.Murthy Nagarajan - Head Fixed Income, TATA Mutual Fund on RBI policy

The policy was on expected lines with the RBI supporting the recent government action by cutting the CRR by 25 bps. The RBI has made it clear that the primary focus of the monetary policy remains fighting inflation, which explains why the repo rate was unchanged. Going forward, the RBI is likely to support growth through open market operations or through a CRR cut.

Source : Equity Bulls

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