RBI monetary policy: What does a 0.25% hike in reverse repo rate mean
Adhil Shetty, CEO & Co-founder BankBazaar.com said, "As expected, the RBI has deviated its liquidity management strategy from being accommodating to being neutral. Inflationary trends are gathering pace. Hence, to get a control over it and to squeeze excess liquidity out of the banking system, RBI has increases the reverse repo rate."
First Bi-Monthly Monetary Policy Press Conference 2017-2018, Thursday, April 06, 2017. Photo: Youtube