Though the central bank is expected to maintain status quo on rates, it is projected to continue mopping surplus cash now at over Rs 8.50 lakh crore...
The Centre will borrow Rs 5.03 lakh crore (trillion) from October-March 2022 which is lower than the Rs 5.25-5.50 lakh crore forecast by some in the bond markets...
While the Reserve Bank is expected to reiterate its commitment towards ample liquidity in the system, traders are expecting more aggressive bond purchases...
He also suggested that the Centre spend up to 1% of India's GDP for direct cash transfer to the poor to strengthen consumption at the bottom of the pyramid...