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RBI Policy
8 Oct 2021
RBI policy review – RBI focuses on Rs 13 trillion excess money-Oct 21
RBI kept interest rates unchanged and maintained an accommodative stance on the back of lower than expected reading of CPI inflation in the last 2 months. However, with a liquidity overhang of Rs 13 trillion, RBI is focusing on calibrating the excess money and this will drive bond markets going forward.
Arjun Parthasarathy
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