The RBI kept its policy rate unchanged at 4%, as expected, and continued to keep its policy stance accommodative. Some sections of the market had anticipated the central bank to act on the rising surplus liquidity in the system in light of the increasing inflationary pressures. However, the absence of any major liquidity absorption measures in the midst of a prolonged inflationary episode and indeed the upward revision of both the RBI’s growth and inflation forecasts might be somewhat puzzling. However, it could mean that the RBI is a) still cautious about the durability of growth given the myriad uncertainties related to growth, b) it sees inflation as principally a supply side-problem amenable to supply rather than monetary intervention, c) it is willing to tolerate higher inflation as long as growth impulses become firmly entrenched and 4) it perhaps expects some natural moderation in liquidity as the government usually goes into collection mode in the last quarter of the fiscal. In fact, given its emphasis on growth revival and the suggestion that there is still some more space left for monetary support, another 25-50 basis point cut in 1H CY2021 cannot be ruled out.
Classic Legends Pvt. Ltd. plans further expansion of dealership network; Inaugurates new dealership inDhanbad
2020|DHANBAD, INDIA – To meet the growing demand and popularity for its range of Jawa motorcycles in India, Classic Legends Pvt. Ltd. is all set to expand its retail footprint across the country. Beginning a […]
Mumbai: HDFC Bank, India’s largest credit card issuer, today announced that it is aiming to add five lakh new credit cards to its portfolio every month beginning February 2022. This will enable it to regain […]
HDFC Bank, the leading bank in India, is the highest-ranked Indian brand to be featured in the BrandZTM Top 100 Most Valuable Global Brands released by WPP group company Millward Brown. In the latest list, […]