“Overall, the policy focus remains on being nimble and reinforces the overarching focus on preserving the macroeconomic stability amidst fluid global macros,” said Shobit Gupta, chief investment officer, Generali Central Life Insurance.

“RBI’s liquidity-enhancing measures are a significant positive for domestic financial markets. The decision to provide full hedging support to authorised dealer banks for mobilising 3–5 year FCNR(B) deposits, along with concessional forex swap facilities to incentivize ECB borrowings by PSUs, is likely to attract meaningful dollar inflows into the system,” he added. 

– Ravi Kumar