RBI likely to focus on non-rate steps to fight rising inflation
Mon, Feb 5, 2024 9:11 AM

RBI likely to focus on non-rate steps to fight rising inflation

A Flip by Avya Verma
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The Reserve Bank of India may take non-interest rate measures to ensure that its previous 250 basis point increase in borrowing costs is fully passed on to borrowers. This comes as transmission of policy rates by commercial banks has been slow, with a big chunk of the increase yet to be passed on. The RBI is expected to maintain its tight liquidity stance and keep the policy repo rate unchanged.

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