Inflation has been in a downward trajectory over last couple of months Says Raghvendra Nath, Ladderup Wealth Management
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Below is RBI MPC announcement reaction By Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited
“RBI on expected lines hiked the policy rate by 25 bps to take repo rate to 6.5%. RBI will follow major global central banks while deciding on monetary tightening unless it results in a significant slowdown. Inflation has been in a downward trajectory over last couple of months and the same is also reflected in RBI forecast for FY24 at 5.4% which is at manageable levels. We feel that if the key economic indicators are in line with expectations, RBI may in the next six months make its stance neutral.”
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