Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited
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Pre RBI Monetary Policy Quote 29 September 2022 By Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited.
India’s growth prospects have improved while inflation remains persistent. Infact, S&P expects GDP growth of 6.5% next fiscal, which is better than most economies of the same size. India seems to be an outlier with strong demand from consumers, high infrastructure activities, and a resurgence in manufacturing. I expect the RBI to hike policy rates by 35-50 basis points to further rein in inflation and in line with global central banks tightening rates. I believe with this hike we will reach the higher end of the interest rate cycle. Hikes in interest rates beyond this may prove worrisome for long-term borrowers and it may also dampen the consumer demand for the festive season.
Above views are of the author and not of the website kindly read disclaimer
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