4 May 2022
Expect 75 bps rate hike in June-RBI Monetary Policy Review- May 22
Owing to immediate policy rate hike by the RBI, government bond yields soared. The central bank is on the way to restore the repo rate at pre-covid level in 2020. On account of withdrawal of accommodative policy, RBI’s stance on monetary policy will turn to hawkish from current accommodative policy in coming days.
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