Abheek barua wikipedia

Abheek Barua, Chief Economist, HDFC Bank, says RBI Monetary Policy clearly revealed that it prefers reasonably tight liquidity conditions.

And the temporary measure will perhaps now be replaced by a more permanent system of intervention to remove durable liquidity through reverse open market operations as the market calls it or more sales which is bond sales.

What stood out from the RBI commentary?
Well, clearly I think the markets were waiting for clarity on the liquidity sounds of the RBI and it clearly revealed its hand in the sense that it prefers reasonably tight liquidity conditions.

And the temporary measure will perhaps now be replaced by a more permanent system of intervention to remove durable liquidity through reverse open market operations as the market calls it or more sales which is bond sales.

We have seen the 10-year bond deal go up.

So in that sens