8/06/2023 5:55:46 PM | Source: PR Agency
Monetary Policy - Quote By Suman Bannerjee, Hedonova
Below quote On Monetary Policy - Quote Suman Bannerjee, CIO, Hedonova
A lower repo rate provides banks cheaper credit when it is passed on to the customers which in turn stimulates the GDP but causes inflation to trend higher. I think it's a wise choice to leave the repo rate unchanged. The rupee is still weak against the dollar and inflation is above 4%. 2023 GDP will come in lower than 2022 but taming inflation more is the need of the hour.
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