Updated Apr 08, 2021 | 13:11 IST
Neelkanth Mishra of Credit Suisse in a note to his clients says that the MPC keeping rates and its accommodative stance unchanged in Apr-2020 was largely expected. (Representational Image)
Key Highlights
CS: As expected, the Monetary Policy Committee (MPC) left policy rates (vote 6-0) and its accommodative stance unchanged
CS: RBI promising to maintain an orderly yield curve should prevent premature tightening
Neelkanth Mishra of Credit Suisse in a note to his clients says that the MPC keeping rates and its accommodative stance unchanged in Apr-2020 was largely expected, as inflation and growth targets were mostly unchanged.