RBI Monetary Policy..

  • Repo Rate Prior: 8.00% Actual: 8.00%
  • Reverse Repo Actual: 7.00% Prior: 7.00%
  • CRR Actual 4.75:% Prior: 4.75%

Impact: the RBI has left the rates unchanged whereas the market was expecting a cut of at least 25BPS in Repo rates. This has come out to be negative for the rupee and we could see it depreciate

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