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Increase in prime lending and lending rates. The Indian economy pulled itself out of its deepest contraction; We are better prepared to deal with COVID-19,” said RBI Governor Das
“We expect the RBI to maintain status quo in the final monetary policy meeting for the year 2021. However, with increasing likelihood, there is a hike in reverse repo, the recent acceleration in liquidity withdrawals and money market rates closer to the repo rate. Anil Kumar Agarwal, Managing Director and CEO, Shriram General Insurance said.
“While CPI inflation rose 20 bps to 4.5 per cent in October, it is comfortably within the RBI’s 4-6 per cent band, apart from the 8.4 per cent GDP growth in Q2 of FY22 surpassing MPC’s expectations. Also, uncertainty around global markets and the Omicron variant could normalize the central bank’s delay policy as it waits for more clarity,” he said.
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