RBI POLICY : 07.06.2021
DEUTSCHE BANK ON RBI POLICY
* DB believes @RBI has done its best and now baton passes on to fiscal authorities
* RBI Has Done Its Best; Baton Passes On To Fiscal Authorities
* Expect Govt To Announce More Fiscal Measures Over Next Few Months
* Do Not See A Genuine Threat Of Demand Side Inflation Pressure
NOMURA ON RBI POLICY
* Nomura expects @RBI to stay on hold for foreseeable future
* RBI Adopts Fed's Policy Mantra Amid The Second Wave
* Expect Policy Normalisation To Begin In Q4 Of CY21
* RBI's Assessment Of Second Wave Impact On Q2 GDP Is Pessimistic
* Expect RBI To Stay On Hold For Foreseeable Future
* Maintain Baseline View Of Reverse Repo Rate Hike In Q4 CY21
* Maintain Baseline View Of 50 bps Repo Rate Hike In H1 CY22
* RBI's Dovish Stance & Focus On Growth Is Slightly Negative For The Rupee
HSBC ON RBI POLICY
HSBC sees gradual monetary policy normalisation by 2021 end. It does not see repo rate hike by @RBI as long as CPI is under 6% in foreseeable future
• Expect Gradual Monetary Policy Normalisation By 2021 End
* Not Expecting Repo Rate Hike As Long As CPI Is Under 6%
* Rise In Activity & Demand Will Put Upward Pressure On Core Inflation
