View on RBI Monetary Policy - Sudhakar Shanbhag, CIO, Kotak Life Insurance

"The market has been patiently waiting for our central banks action in light of what all global central banks have done till now post the COVID 19 scare. The MPC has come with really big measures including rate cuts, CRR cut, Floating rate long-term repos for investment grade corporate bonds and CPs, forbearance on loans in terms of moratoriums and deferral of interest payments, capital conservation buffer deferment by 6 months, Offshore NDF market relaxations. This seems to be a comprehensive package and very necessary at this stage when growth will be under pressure."

Source : Equity Bulls

Keywords