RBI Policy Analysis: Brokerages Focus on Liquidity Push as Repo Rate Stays at 5.25%

Brokerages are shifting their focus from the RBI’s "neutral" rate pause to the central bank's surgical liquidity-enhancing measures. While ICRA warns of persistent inflation risks and potential rate hikes later this year, treasury analysts view the expansion of the FAR and new forex swap windows as a decisive move to stabilize the rupee and attract long-term global capital.