08-05-2022 04:18 PM | Source: PR Agency
View on RBI Monetary Policy August 2022 by Nilesh Shah, Kotak Mahindra Asset Management Company
News By Tags | #248 #607 #5800 #3482 #4625 #126

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Below is view on RBI Monetary Policy August 2022 by Nilesh Shah, Group President & MD, Kotak Mahindra Asset Management Company

“The RBIs hike of 50 bps in Repo rate is front-loaded to ensure that easing inflation comes below RBIs upper band of 6 % by 4 Q FY 23. Since Growth is becoming broad-based & private Capex is showing signs of Revival,  the RBI has front-loaded repo rate hike to control inflation. Interestingly, the RBI has kept the Indian economy flying high (7.2 % GDP Growth in FY23 ) through turbulent weather. The RBI has clearly differentiated itself vs a vs many other central banks which are looking to hard land their economy (recession in FY23 ) to bring down inflation.”

Above views are of the author and not of the website kindly read disclaimer