Mosina bi 01/07/2021

 It can be noted that after responding with deep rate cuts initially, the RBI has limited itself to using non-conventional tools to help the growth process in the economy. However, with the surge in inflation lately - the headline number came at 6.3 per cent for May - there have been questions over the tolerance of the central bank.


“Weakening growth prospects and surging inflation place the RBI in a bind. Given this backdrop, we expect the central bank to maintain its accommodative stance, and to continue to rely on the government's supply-side measures to reign in price pressures, while at the same time confirming its commitment to anchoring medium-term inflation expectations,” Bajoria said

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