“Reposing faith in the visible growth impulses and control on projected inflation, a status quo on the policy rates has been maintained by RBI on expected lines. Simultaneously, the continuation of accommodative stance also bodes well for the emergence of a vibrant economy, out of the sustained revival path. This will, however, require the additional capital expenditure in the desired sectors, besides the steps already initiated on boosting demand and removing supply-side constraints. On the liquidity front also, RBI has indicated a calibrated approach, with an additional amount of Rs 1.50lac crore for 14 days VRRR, and allowing prepayment of TLTRO aiming at a rebalancing of liquidity in a phased manner. Overall a hand holding policy for growth with a hawkish eye on inflation,” said Jyoti Prakash Gadia, Managing Director, Resurgent India Limited.