Business Daily from THE HINDU group of publications
Wednesday, Oct 31, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Oct 31, 2007 ePaper | Mobile/PDA Version |
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Opinion
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Monetary Policy Money & Banking - Insight On expected lines 
Ramesh Sanka The stance of the RBI’s Monetary Policy appears to be moderate to hawkish. The RBI’s main concern is the increased capital inflows and their implications on the liquidity. As in the past, the RBI has continued with its policy of liquidity management through the appropriate use of CRR and open market operations. The repo and reverse repos have been kept unchanged. The CRR increase of 50 bps should take out short term liquidity by approximately Rs 15,000 crore. Sectors such as banking (net interest margins to be under pressure), consumer durable good (specially auto) are likely to be affected. On the whole, the policy appears to be on expected lines. More Stories on : Monetary Policy | Insight
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