Comment on RBI Monetary Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital
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Below Comment on RBI Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital
“The RBI’s action in raising the repo rate by 35 bps is in line with market expectations and their consistent objective to rein in inflation. With the PMI (which reflects business confidence) and other indicators being positive, I expect capex to continue in spite of higher interest cost and do not see economic growth being impacted in any significant way. Repo rate has in reality only gone back to pre-Covid days as emergency measures taken due to Covid are being unwound – this cannot be seen in any negative light."
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