RBI Monetary policy reaction: SBI

11 Feb 2022 , 08:07 AM

“The RBI policy statement is an affirmation to keep the rate structure at reasonable levels to support an incipient growth recovery. Amidst global uncertainties, the policy has provided admirable support to market sentiments and has rightfully indicated it has enough non-conventional measures to keep the demand supply of g-secs  in reasonable balance. The regulatory guidelines of credit default swap and rupee derivatives market will ensure a deepening of markets. The enhancement of cap under e-RUPI could facilitate a faster adoption of digital transactions, that could eventually usher in a roll out of digital rupee.”

The author of this article is Dinesh Khara, Chairman, SBI

The views and opinions expressed are not of IIFL Capital Services, indiainfoline.com