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RBI seen keeping key policy rates, CRR unchanged on Sep 20

By Religare
RBI seen keeping key policy rates, CRR unchanged on Sep 20
Recently a brokerage firm had cautioned that the euphoria following the appointment of Raghuram Rajan as the new RBI Governor may be "short lived" as markets were expecting too much from him. Now, it seems that the street has also realized this and which is why most traders feel that central bank may keep the key policy rates, CRR unchanged on September 20.

According to a Business Standard report, around 10 experts, who were asked about RBI's action on Sep 20, said that central bank would maintain the status quo on both policy rate and the cash reserve ratio, mainly because inflation hasn't reduced drastically and rupee is yet to stabilize although it has appreciated.

Besides, a very few traders said that RBI may roll back some of its liquidity tightening measures that it announced last month to stem rupee's slide. They expected RBI to roll back hike in marginal standing facility (MSF) rate, which was raised by 200 basis points to 10.25 per cent.

Dion Global Solutions Ltd.

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