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Below Comment On RBI Monetary Policy By Dr. Rupa Rege Nitsure – Group Chief Economist, L&T Finance

“By holding the rates & policy stance, the RBI has shown its firm commitment to achieving the point target of inflation without compromising financial stability. In fact, the RBI appears to be more concerned about inflationary risks than growth risks during the second half of FY24. Additional measures like liberalizing the norms for borrowings in Call & Notice Money Markets by banks and rationalization of prudential norms on restructuring caused by natural calamities for all regulated entities are timely and will provide better flexibility to lenders.”

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