Confederation of indian industries (CII) welcomed today's RBI's Policy. Director General of CII Chandrajit Banerjee said, Beset with multiple challenges, the foremost being the uncertainty stemming from the second wave and rising inflationary risks, the RBI did well to hold on to the policy rates while continuing the accommodative stance. <br />''<br />''CII appreciates that the Central Bank is continuing the use of the unconventional policy tools in its arsenal, such as OMOs, OTs, TLTROs to avoid any untoward surge in yields, and to ensure smooth operation of the Government borrowing program. The introduction of Secondary Market G-Sec Acquisition Programme 1.0 (G-SAP) to support a market with adequate liquidity is also welcome.<br />'' <br />''Chief Economist of Bandhan Bank Siddhartha Sanyal said, The RBI kept the key policy rates unchanged, as expected. The central bank has revised their growth forecasts modestly lower and inflation forecasts higher. However, despite the upward revision in their inflation forecasts, which we feel is largely due to supply-side issues, the statement clearly suggests that the accommodative monetary policy stance will be maintained in the foreseeable future. Inherently, the MPC continues to prioritise growth over other possible goals of monetary policy. He added, The sharp knee-jerk positive reaction by the bond market after today's monetary policy and related announcements is clearly justified.<br />'' <br />''<span style="color: #222222;">Indian Merchant chambers president Rajiv Podar said, the RBI policy is very pragmatic which balances growth and inflation and yet prepares for the future uncertainties arising from the pandemic.</span><br />