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Realtors expect RBI to maintain status quo on key policy rates
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Amid growing concerns over Omicron, the Reserve Bank of India is likely to maintain status quo in its December monetary policy on Wednesday, although there is a possibility of the reverse repo rate being hiked.
“We expect the RBI to increase the reverse repo rate by 20 bps (currently at 3.35%) in the upcoming meeting. We expect the central bank to keep its stance accommodative and continue to manage liquidity through VRRRs (possible further extension of tenures from 28 days) and other market related instruments. The announcement of a more permanent liquidity absorption facility like the SDF is unlikely in the upcoming policy,” said Abheek Barua, Chief Economist, HDFC Bank.
The RBI policy meeting on December 8, in fact, comes against the
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