“The MPC’s decision to maintain status quo by keeping the repo rate unchanged at 4 percent for the sixth consecutive time, will help revive growth on a sustainable basis and mitigate the Covid-19 crisis and rising inflation. The RBI’s attempt to maintain accommodative stance and policy support at this juncture is a much needed boost in order to nurture recovery. The move is likely to aid the fiscal efforts made by the government to boost economic revival. As we witness the second wave of Covid-19 and its implications on the economic growth, we hope that vaccinations will gather momentum in the coming months to help streamline and normalize economic activity. The announcement of G-SAP 2.0 to the tune of Rs 1.2 lakh crore will ensure adequate liquidity in the system. The policy is progressive and instrumental to revive and sustain growth.”
Sanjay Palve, Senior Managing Director – Essar Capital