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RBI board meet today: Experts hopeful of central bank and govt finding middle ground

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CNBC-TV18 spoke to Neeraj Gambhir, money market expert and Lakshmi Iyer, CIO-Debt & Head Product, Kotak Mahindra AMC, to get a sense of what the market is expecting from today's meeting.

All eyes are on the Reserve Bank of India board meeting today, where issues such relating to PCA, liquidity for MSMEs, package for NBFCs are likely to be discussed between the central bank and government officials.
CNBC-TV18 spoke to Neeraj Gambhir, money market expert and Lakshmi Iyer, CIO-Debt & Head Product, Kotak Mahindra AMC, to get a sense of what the market is expecting from today's meeting.
Gambhir said that he certainly hopes that there is no resignation from the RBI governor and "hopeful that there is a middle ground that both the government, nominees in the board and the RBI management find."
However, he said, “The issue on the table are vast and there are many layers to these issues and it is too much to expect that all the issues will get resolved in this board meeting.”
“I expect this board meeting they will find a middle path and there would be way forward in setting up independent committee etc, which help come to common middle ground between the government and the RBI,” he added.
Agreeing with Gambhir, Iyer said, "There is not likely to be 100 percent solution but opening up of talking ground for some amiable solutions, which could be perceived comfortable from market stand point.
"The market would also be glued on to would be whether there is going to be at the central banking helm", she said.
 
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