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RBI Monetary Policy: RBI increasing the rate is in line with the global trend to combat inflation by K V Srinivasan, Executive Director & CEO, Profectus Capital
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Below is quote on Monetary Policy Comment by K V Srinivasan, Executive Director & CEO, Profectus Capital
RBI increasing the rate is in line with the global trend to combat inflation arising from the pandemic and the geopolitical situation. While most countries are also facing falling growth rates, India has remained an exception with GDP growth projected at 7%. While cost of capex is likely to increase, i don't believe this will impede the capex cycle as Indian industry especially MSMEs has the capacity to absorb this."
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