Gaurav Awasthi shares his view on the RBI policy

Gaurav Awasthi, Senior Partner, IIFL Wealth Management on RBI Policy

The RBI decision to hold rates was on expected lines. The key was the government's comments on holding the policy accommodative as long as necessary rather than to a time-bound limit to support the economy . The G-Sec Acquisition Program will also lend support to the yields, which had risen substantially under pressure from rising government borrowings.