RBI Credit Policy: Anil Singhvi predicts status quo in key rates; Governor Shaktikanta Das view on economy is important, says Market Guru
RBI Credit Policy: Amid stock market showcasing strong upside moves, the Reserve Bank of India (RBI) Governor Shaktikanta Das and RBI MPC's views on the economy post-Covid is important.
RBI Credit Policy: Amid stock market showcasing strong upside moves, the Reserve Bank of India (RBI) Governor Shaktikanta Das and RBI MPC's views on the economy post-Covid is important and hence Zee Business Managing Editor Anil Singhvi has said that key rates are already at their lowest levels and it is unlikely that there will further cut. The Market Guru said that RBI Governor Shaktikanta Das' view on the economy and its co-relation with the rising stock market will be crucial as the Governor himself had said few days ago that there is no sync with the stock market rise and the national economy.
See full coverage in video below:
आज 10 AM पर RBI करेगा क्रेडिट पॉलिसी का एलान
— Zee Business (@ZeeBusiness) October 9, 2020
Speaking on the rate cut Anil Singhvi said, "The RBI key rates are already at its lowest levels and I don't expect any further cut in it. In fact, the three new members are joining the RBI today and their view on the key rates will be important to know. But, for today, I think the status quo will be maintained."
WATCH| Zee Business Live TV streaming below:
The Market Guru further said that RBI Governor Shaktikanta Da's commentary on the national economy, especially after the rise in deposit and advances of the Indian banks will be important as it will reflect the status of the national economy. It will also important to know whether the stock market rise is because of the positive sentiments getting reflected in the national economy or not.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.