The change in RBI's policy stance to 'neutral' from 'accomodative' to neutral in a falling inflation environment is confusing the market, R Sivakumar, Head- Fixed Income at Axis AMC, said in an interview to Moneycontrol.
In its last four policy meetings, the monetary policy committee cut rates by 25 basis points, held rates, changed the stance on liquidity from 'accommodative' to 'neutral', and increased the reverse repo rate by 25 bps, in that order.
