On expected lines, RBI continued with its decision to not hike rates further as the inflation 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
“On expected lines, RBI continued with its decision to not hike rates further as the inflation stays within range. The RBI has forecast the inflation for FY24 at 5.1%, inching towards the upper limit, however in the near-term inflation outlook looks more favourable. The progress of monsoon would be keenly watched and would be one of the significant factors in deciding the direction of inflation. RBI mentioned that average liquidity is in surplus mode and is expected to inch up. We believe this should result in some kind of moderation in the 10-year G-Sec yield.”
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