Date: 04.12.2020
“In
line with the market expectations, RBI has kept the Repo Rate unchanged. The
accommodative stance has been maintained into the next financial
year in order to ensure durable economic growth.The growth is expected to be
better with the GDP estimate being revised upwards for FY21. Liquidity measures
have been announced to revive activity and On Tap TLTRO has been extended to
the stressed sectors identified by the Kamath committee. The credit offtake is
expected to get a boost going forward we expect it to top at least 8% in the
days to come.”
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